Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

IRAN

Iran And Armenia Sign Agreement To Build Two Hydropower Plants

Iranian Minister of Energy Majid Namjou and his Armenian counterpart Armen Movsissian signed an agreement in Yerevan on 14 October for the construction of two 130mw capacity hydroelectric power plants. These will be built on the Aras river, which marks the border between the two states. The plants will be constructed over a period of five years by Iranian contractor...