At today’s session Armenian Government made a decision to cancel the construction of Meghri Hydropower Plant (HPP) on Armenia-Iran border (across Arax River), governmental Press Service informed NEWS.am.

Armenian Minister of Energy and Natural Resources Armen Movsisyan stated that change of HPP construction terms is a direct necessity due to “no Government formed in Iran at the moment, thus we are unable to cooperate with Iranian side”.

Armenian-Iranian project to construct two high power HPPs in South Caucasus. From Armenian side the plant will be located in Meghri, from Iranian – in Karachilar.

Each station to generate 800mln kW/h electricity a year.