Iran, Azerbaijan sign document on financing of HPPs

A document has been signed between Iran and Azerbaijan that will accelerate the executive operations of constructing Khudafarin and Qiz-Qalasi dams on the Aras River, the energy minister of Iran Ali Akbar Mehrabian said, Report informs.

Speaking at the end of his one-day trip to Baku, Azerbaijan, Mehrabian added that one of the important issues of Iran-Azerbaijan relations is a joint investment on the border river Aras to manage water resources and generate electricity from hydroelectric power plants, ILNA reported.

"During the trip, we made a very good agreement, and an important document was signed between the two countries, based on which the construction of the two dams will accelerate with proper financing," he said.

"The two dams can store 1.7 billion cubic meters of water, and about 300 megawatts of hydropower plant will be generated by the hydroelectric power stations built adjacent to them."