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ARMENIA, IRAN AGREE TO TERMS FOR NEW RUN-OF-RIVER HYDROPOWER PROJECTS
http://www.hydroworld.com/articles/2013/february/armenia--iran-agree-to-terms-for-new-run-of-river-hydropower-pro.html
YEREVAN, Armenia
02/06/2013
An agreement signed this week at the Armenian National Assembly will
allow for the construction of two new hydropower projects along the
Aras River on the Armenia/Iran border, HydroWorld.com has learned.
The two governments signed a agreements in 2007 and 2008 allowing for
the construction of the 130-MW Meghri and 130-MW Karachilare (also
spelled "Gharachilar" or "Ghare Chiler") hydroelectric plants. The
Meghri -- under construction as of a November 2012 -- will be located
on the Armenian side, with the Karachilare to be located on the
Iranian side.
As per draft laws adopted this week by the Armenian National Assembly,
Iran will fund the construction of the US$400 million project in
exchange for the electricity produced by the Meghri powerhouse until
Armenia's debt is repaid.
Sources said the repayment period will likely take 15 years, at which
point Armenia will assume control of the hydropower plant.
Construction of the plants is being undertaken by the Farab Sepasad
Company. Each powerhouse will include two 65 MW hydro turbines.
Completion is expected within the next five years.
HydroWorld.com reported in January 2012 that Iran had issued bonds
worth about $240 million for the development of hydroelectric projects.
For more stories about new hydroelectric development, visit here.
http://www.hydroworld.com/articles/2013/february/armenia--iran-agree-to-terms-for-new-run-of-river-hydropower-pro.html
YEREVAN, Armenia
02/06/2013
An agreement signed this week at the Armenian National Assembly will
allow for the construction of two new hydropower projects along the
Aras River on the Armenia/Iran border, HydroWorld.com has learned.
The two governments signed a agreements in 2007 and 2008 allowing for
the construction of the 130-MW Meghri and 130-MW Karachilare (also
spelled "Gharachilar" or "Ghare Chiler") hydroelectric plants. The
Meghri -- under construction as of a November 2012 -- will be located
on the Armenian side, with the Karachilare to be located on the
Iranian side.
As per draft laws adopted this week by the Armenian National Assembly,
Iran will fund the construction of the US$400 million project in
exchange for the electricity produced by the Meghri powerhouse until
Armenia's debt is repaid.
Sources said the repayment period will likely take 15 years, at which
point Armenia will assume control of the hydropower plant.
Construction of the plants is being undertaken by the Farab Sepasad
Company. Each powerhouse will include two 65 MW hydro turbines.
Completion is expected within the next five years.
HydroWorld.com reported in January 2012 that Iran had issued bonds
worth about $240 million for the development of hydroelectric projects.
For more stories about new hydroelectric development, visit here.