Iran to invest $571 mn in ArmeniaDecember 27th, 2011 - 4:06 am ICT by IANS
Tehran, Dec 27 (IANS) An Iranian private sector consortium will invest $571 million in two hydro-power projects in neighbouring Armenia, Xinhua reported Monday.
The announcement comes following President Mahmoud Ahmadinejad’s visit to Armenia Friday. Both sides have agreed to build hydro-power plants on the Aras river.
Iran will also set up a pipeline to supply gas to Armenia, and in return, Yerevan will give electricity to Iran.
The pipeline is expected to cost $240 million.
- Iran to supply power to Syria, Lebanon - May 27, 2012
- Iran opens combined cycle power plant; first to use gas and solar energy - May 17, 2011
- Iran does not need assassinations: Ahmadinejad - Oct 16, 2011
- Iran not to pursue n-bomb production - May 31, 2012
- Iran willing to talk about nuclear programme: EU - Oct 30, 2010
- Iran seeks regional cooperation for Persian Gulf's security - Apr 30, 2012
- Two die in Iran refinery blast - May 24, 2011
- Iran to announce new 'big' nuclear achievements - Feb 11, 2012
- Pakistan, Iran sign gas deal - Jun 14, 2010
- Iranian foreign minister sacked - Dec 13, 2010
- Himachal hydro projects resume power generation - Aug 03, 2012
- Iran to export natural gas to India, Oman - Sep 25, 2011
- 'Pakistan-Iran gas pipeline not under sanctions' - Jan 26, 2012
- Iran n-plant supplies 940 MW electricity - Apr 30, 2012
- India, Iran cooperation can help regional peace: Ahmadinejad - Nov 07, 2011
Tags: aras river, armenia, consortium, electricity, hydro power plants, hydro power projects, iran, mahmoud ahmadinejad, pipeline, president mahmoud ahmadinejad, private sector, tehran, xinhua, yerevan