Meghri Hydropower Plant

Meghri Hydropower Plant

At the August 20 sitting, the Armenian government made an amendment to the RA government's Protocol Decision on Approval of the List of Measures Proceeding from the Speech of RA Prime Minister at the National Assembly. In particular, the section "Implementation of New Energy Projects of Regional Significance" in the decision's appendix was laid down in a new version and the construction of Meghri hydropower plant was included in the list. The construction work is to be done in 2010-2015. According to the RA Government Press and PR Department, the necessity to make the indicated amendment arose in connection with the Memorandum on Mutual Understanding on the Construction of the Meghri Hydrpower Plant which was signed between the energy ministries of Armenia and Iran during the Armenian president's visit to Iran. Approving the decision, RA Prime Minister Tigran Sargsyan addressed the problems related to the financial stability of Armenia's energy sector. He proposed taking a protocol decision for ensuring the financial stability of the energy system. "For preventing a rise in the tariff of power sold to ultimate consumers, there is a necessity to fill the financial gaps in the energy system at the expense of state enterprises operating in the sector," the prime minister said.