On 14 April 2009, energy ministries of Armenia and Iran signed a memorandum on financing construction of the Meghri power station of Armenian side.

[3] The dam and power stations construction contract was signed on 16 October 2010 with Farab Sepasad Company.

[3][4] A ceremony on 17 November 2012, attended by Iran's Minister of Energy and the Armenian President, officially began construction.

[1] The Meghri station was to be operated by Iran for 15 years after which it will be returned to Armenia free of charge.

[11] Revised study of river flows now indicates total Meghri generation capacity would be approximately 100 MW.