Armenia and Iran on Thursday officially began the repeatedly postponed construction of a major hydroelectric plant on the Arax river marking their border, a $330 million project highlighting a close relationship between the two nations.
President Sarkisian, Energy Minister Armen Movsisian and his Iranian counterpart Majid Namjou attended a special ceremony held near the Armenian border town of Meghri on the occasion. Movsisian said the 130-megawatt plant will bolster Armenia-Iranian ties and Armenia's energy security.
"This is a good and economically beneficial project," Namjou said for his part. Work on the facility will likely take five years, he added.
The inauguration ceremony was followed by Sarkisian's separate talks with Namjou. The Armenian leader's press office quoted the Iranian minister as saying that he and Movsisian will continue to "actively work" on the implementation of other Armenian-Iranian energy projects.
Armenian News
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