YEREVAN, DECEMBER 22, NOYAN TAPAN. Today 50 small hydropower plants with the total capacity of 250 megawatts operate in Armenia, and another 50 are in the process of construction. The RA Minister of Energy Armen Movsisian told reporters on December 22 that the feasibility studies on construction of a hydropower plant on the Arax River jointly with Iran have been completed. The respective interstate agreement will be presented to the presidents of the two countries for signing, after which the construction work will begin. According to A. Movsisian, Armenia's geothermal energy sector is quite promising, and an American company owned by the Argentinian Armenian businessmen Eduardo Ernekian has already shown interest in this sector. The company will start drilling work in Syunik marz next year. The minister said that an Italian company intends to build a wind power plant with the capacity of 90 megawatts in the north of Armenia, making investmemts of 130 million USD.

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