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Turkey in talks to build $3bn power plant in Iran

TEHRAN, August 24, 2016

Turkey’s Unit International plans to invest $3 billion on the construction of a 5,000-megawatt power plant in Iran, a report said.

Unal Aysal, chairman of the Belgium-based energy firm, has concluded talks with Iran's Energy Minister Hamid Chitchian in Tehran, Iran Daily reported, citing Fars News Agency.

"At the moment, the signing of the final agreement is awaiting the go-ahead by the Ministry of Energy," head of Thermal Power Plants Holding Company of Iran Mohsen Tarztalab was quoted as saying in the report.

"The contract is being prepared for submission to the Ministry of Energy. If it is accepted, the ministry will announce it for taking necessary steps," Tarztalab said.

The Turkish energy company signed a preliminary deal with Iran's energy minister in June to build seven natural gas combined cycle power plants in Iran, according to the report.

Construction of the plants will begin in the first quarter of 2017, the company said. The plants are expected to meet 10 per cent of Iran's energy needs.
 




Tags: Iran | Turkey | power plant |

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