Azerbaijan, Baku, Aug.18 / Trend F.Milad /
Iran and Armenia have agreed to establish two 130 megawatt (MW) power plants in the two countries as a joint investment project, Iranian deputy energy minister Mohammad-Reza Rezazadeh said.
Rezazadeh told the Mehr news agency that one of the power plants will be built in Iran and the other in Armenia.
Iran and Armenia have reached an agreement for the construction of Meghri hydroelectric power plant over the Aras River which forms the common border between two countries.
Construction of the power plant will begin simultaneously in Armenia's Meghri and Iran's Qarachilar regions, Press TV reported.
Iran is currently exchanging electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkey and Turkmenistan.
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