June 4, 2012. Iran and Armenia have reached an agreement for the construction of Meghri hydroelectric power plant over the Aras River which forms the common border between two countries. The agreement was reached during Iranian Energy Minister Majid Namjou's one-day trip to Armenia. During the trip, Namjou conferred with his Armenia counterpart, Armen Movsisian, and the two sides agreed to begin the construction of the joint power plant on August 22, 2012. According to the agreement, the hydroelectric power plant, which will straddle the border river, will have the capacity to produce 130 MW of electricity. Construction of the power plant will begin simultaneously in Armenia's Meghri and Iran's Qarachilar regions. During a separate meeting with Armenian President Serzh Sargsyan, Namjou submitted a letter from Iran's President Mahmoud Ahmadinejad inviting Sargsyan to take part in the 16th Non-Aligned Movement (NAM) summit from August 26 to 31 in the Iranian capital, Tehran.