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2021-06-16 11:40:00

RUSSIA'S INVESTMENT FOR IRAN $14.6 BLN

RUSSIA'S INVESTMENT FOR IRAN $14.6 BLN

ENERDATA15 Jun 2021 - Iran and Russia have finalised an agreement to build the 1,400 MW Sirik gas-fired power plant in the Hormozgan Province in southern Iran. The two countries had signed a Memorandum of Understanding (MoU) in 2016 to implement the project, and the Russian company Technopromexport pledged to invest €12bn (US$14.6bn) in the project. Construction started in early 2017 but was soon suspended due to administrative and financing problems, and it restarted on 10 June 2021. The project, which will produce 12 TWh/year, is expected to be commissioned by the end of 2025.

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Earlier:

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Tags: RUSSIA, IRAN, INVESTMENT, GAS