The deputy head of Iran’s Water and Energy Resources Company, Nasser Nemati, said that ‘given the 40km Iran-Armenia common border across the Aras river, the two sides decided to use the relevant hydroelectric potential.’

A report released by the public relations department of Iran’s Water and Energy Resources Company cited Nemati as saying that based on the agreement, the first power station with a production capacity of 130MW will be established on the Armenian side of the border.

The second plant of 140MW capacity will be constructed on the Iranian side. Feasibility studies concerning the first phase of the second plant are underway.