Wednesday, March 6 2019 10:26
Alexandr Avanesov

Armenia and Iran announced the start of an investor selection  procedure for a construction project on the border Araks river of the  Meghri hydroelectric station

Armenia and Iran announced the start of an investor selection  procedure for a construction project on the border Araks river of the  Meghri hydroelectric station

ArmInfo. Armenia and Iran announced the start of an investor selection procedure for a  construction project on the border Araks river of the Meghri  hydroelectric station.  According to a statement circulated by the  Ministry of Energy Infrastructures and Natural Resources of the  Republic of Armenia, in April 2019, Armenian-Iranian consultations on  this program will be held in Tehran. 

In this regard, the agency appeals to all interested potential  investors until April 5 of this year. submit their preliminary  proposals, as well as models of appropriate funding. It is envisaged  that during consultations, preference will be given to the investor,  from which the best model will be presented. After that, the investor  will be offered conditions for future cooperation. It is planned that  the investor will independently seek financial resources for the  construction, operation and management of the future hydropower  facility, he will also have to take over the solution of all  organizational issues. The construction should be completed within  five years, after which, within a guaranteed period of 15-20 years,  the electricity generated at the station should be sold to the  Iranian side. To this end, the investor will undertake the  construction of a 220-kilovolt transmission line with a length of 20  km in the direction of Iran, providing for the introduction of a  three-switch circuit at an electric substation in Agarak.

The installed capacity of the Megrinsk HPP will be 100 MW., And the  annual electricity production volumes will be equal to 750-800  million kW / h. The design pressure is 900 meters, the diameter of  the tunnel is 7.5 m, and the length is 18.2 km. The volume of capital  investments will be equal to about $ 300 million.Recall that  negotiations on the construction of the Megri HPP have been going on  since the early 1990s, but only on March 19, 2007, an agreement was  signed between Armenia and Iran on the construction of this  generation facility. About the very start of the project was  announced back in 2012, but so far the work has not been started due  to the possibilities of Tehran that have narrowed due to the  sanctions. As a result, over the past years, there have been changes  both in the resources of the waters of the Araks River and in  technology. 

For this reason, the project made regular changes in figures and  volumes.It is curious that initially it was planned to build two  stations - one in Meghri (Armenia), the second in Karachilar (Iran)  with an installed capacity of 130 MW each. It is planned to build a  drainage tunnel between the two hydropower plants. The project with  an initial cost of $ 323 million was to be undertaken by an Iranian  investment company.  Armenia had to pay for its part of the project  with electricity generated at hydroelectric power plants, and 15  years later the hydroelectric power station was to be transferred to  the Armenian side.ArmInfo Agency reported that if this project is  implemented, the volume of water for the Meghri hydroelectric station  in Armenia may simply not be enough. Previously a former adviser to  the minister of energy infrastructures andAreg Galstyan stated that  due to environmental problems associated with a decrease in the  volume of water in the Araks River,by increasing water withdrawals  from Turkey, this project had to be revised downward. If initially it  was planned to build two stations (Meghri - Armenia, Karachilar -  Iran) of 130 MW each and total power generation of about 850 million  kW per year, now a variant with a capacity of 100 MW is being  considered.While the Armenian-Iranian energy projects have not moved  from a dead center, in recent years, economic ties between Tehran and  Baku have intensified dramatically. The Iranian parliament approved a  bill on the joint construction of two hydropower plants with  Azerbaijan. The document allows the construction of power plants near  the Araks River in the border area, in the Iranian city of Marazad  and the Azerbaijani city of Ordubad. The document provides for  cooperation in the construction of power plants at the Khoda Afarin  and Gyz Galasi dams on the Araks River, as well as the construction  of the Ordubad power station on the Azerbaijani side and the power  station in Marazade on the Iranian side.

POST A COMMENT
Input digits     


News
Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sourcesAbgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
Expert: Armenia`s energy independence level  is about 27%Expert: Armenia`s energy independence level  is about 27%
Converse Bank bonds were bought in primary market within daysConverse Bank bonds were bought in primary market within days
ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024
Armenia`s government plans introducing SAFE format Armenia`s government plans introducing SAFE format 
Armenia`s Civil Aviation Committee to render paid servicesArmenia`s Civil Aviation Committee to render paid services
New regulations for fulfillment of tax obligations of organizers  engaged in gaming activitiesNew regulations for fulfillment of tax obligations of organizers  engaged in gaming activities
New tax reporting mechanism to be introduced in Armenia New tax reporting mechanism to be introduced in Armenia 
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 
Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  SimonyanYerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Armenia introduces new rules for labeling carbonated, non-carbonated  watersArmenia introduces new rules for labeling carbonated, non-carbonated  waters
Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusinessArsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%
Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers 
EEC Board decided to liberalize certain categories of precious  metals` import/exportEEC Board decided to liberalize certain categories of precious  metals` import/export
Earthquakes, drought could affect Armenia`s debt sustainability -  EFSDEarthquakes, drought could affect Armenia`s debt sustainability -  EFSD
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 millionConverse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million
USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia 
Expert: Armenia has the potential to get high-quality and abundant  harvest of apricots this yearExpert: Armenia has the potential to get high-quality and abundant  harvest of apricots this year
EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and TajikistanEFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
Armenia is considering appointing attache in Silicon ValleyArmenia is considering appointing attache in Silicon Valley
Astana proposes joint investment programmes in Yerevan Astana proposes joint investment programmes in Yerevan 
Armenia, Kazakhstan have unrealized economic potential - premier Armenia, Kazakhstan have unrealized economic potential - premier 
Armenia, EU discuss expansion of economic cooperation Armenia, EU discuss expansion of economic cooperation 
Transavia airline starts operating route Lyon-Yerevan-LyonTransavia airline starts operating route Lyon-Yerevan-Lyon
EAEU and its economic principles should not be mixed with political  ambitions - Nikol PashinyanEAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
Armenia, Australia to strengthen cooperation in high-tech field Armenia, Australia to strengthen cooperation in high-tech field 
Leasing EXPO -2024 officially opened in YerevanLeasing EXPO -2024 officially opened in Yerevan
Araratbank to double leasing portfolio by end of 2024Araratbank to double leasing portfolio by end of 2024
Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis 
Economy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s productsEconomy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s products
Info about IT specialists leaving Armenia en masse has nothing to do  with reality - premierInfo about IT specialists leaving Armenia en masse has nothing to do  with reality - premier
WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% 
Government is ready to share risks with agricultural insurersGovernment is ready to share risks with agricultural insurers
EIB to issue loan under energy efficiency programme to Armenia EIB to issue loan under energy efficiency programme to Armenia 
Deadline for filing personal income declarations in Armenia may be  extendedDeadline for filing personal income declarations in Armenia may be  extended
Read more


Exchange rates
26.04.2024
RUB4.220.00
USD388.08-0.52
EUR416.29-0.44
GBP485.57-0.41
CAD284.160.14
JPY24.75-0.24
CNY53.55-0.08
CHF425.34-0.20