Baku, Azerbaijan, March 2
By Fatih Karimov - Trend:
Iran and Germany's engineering giant Siemens signed a memorandum of understanding (MOU) on transferring the technology for production of Class F gas turbines to the Islamic Republic, IRNA news agency has reported.
The five-year agreement was signed between Iran's MAPNA Group and Siemens on the sidelines of a meeting of Iran's Energy Minister Hamid Chitchian and Germany's Economy Minister Sigmar Gabriel in Berlin on March 2.
Based on the agreement Siemens will provide Iran with technology to build the SGT5-4000F gas turbines domestically.
MAPNA Group is an Iranian enterprise operating in the area of construction and development of thermal power plants.
Siemens' SGT5-4000F gas turbine is distinguishable for its high performance, low power generating costs, long intervals between inspections and service-friendly design.
Commenting on the new agreement today, Siemens said it signed the MOU to jointly develop a roadmap for extension and optimization of the overall Iranian power and electrification system.
As part of the agreement, MAPNA would acquire technological know-how to manufacture Siemens gas turbines in Iran and the parties will cooperate to deliver more than 20 gas turbines and associated generators over the next decade, the statement reads.
Iran is currently making attempts to improve output at its power plants.