Iran and Armenia agreed to build a hydroelectric power plant on the Aras river, which borders the two nations, Press TV reported, without saying where it got the information.

Iran and Armenia agreed on June 2 to start construction in August of the Meghri power plant, which will have the capacity to produce 130 megawatts of electricity, the Iranian state-run news channel said. It didn’t provide financial details for the project.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net