Armenia and Iran have launched a long-awaited construction project for a hydropower plant on the Arax River marking their border in what officials on both sides said would further boost the growing economic ties between the two neighboring nations.
In the presence of Armenian President Serzh Sargsyan, the energy ministers of Armenia and Iran on Thursday symbolically laid the first stone for the major facility whose construction will cost an estimated $330 million.
The ceremony near the Armenian border town of Meghri on that occasion was for what in a few years' time will be a 130-megawatt-capacity plant.
Armenian News
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