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2020-11-03 12:45:00

RUSSIA'S INVESTMENT TO IRAN €1.3 BLN

RUSSIA'S INVESTMENT TO IRAN €1.3 BLN

ENERDATA - 3 Nov 2020 - Iran and Russia have signed a new agreement to build the 1,400 MW Sirik gas-fired power plant in the Sirik County, in the southern Iranian Hormozgan Province. It will consist of four 350 MW units. The feasibility study for the first phase of the project has been completed. In September 2019, Russia awarded a €1.3bn funding to build the project, which will correspond to 85% of the total investment. The remaining financing needs will be covered by Iran.

Gas-fired capacity accounts for 65% of Iran's installed capacity, with 52 GW (2019). Over 30 GW of gas-fired power projects are in various stages of development.

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