Hitachi, Siemens to resume work on Iran's power plant project

Business Materials 17 February 2016 17:26 (UTC +04:00)

Baku, Azerbaijan, Feb.17

By Emil Ilgar - Trend:

Japanese Hitachi and German Siemens are negotiating with Iran to resume their work on the project at Fajr-e Jam petrochemical complex.

A delegation from Hitachi would travel to Iran in the coming days, while Siemens has announced its readiness to resume construction of a power plant at Fajr-e Jam petrochemical complex," IRNA quoted Hossein Shamshiri, director of engineering and development of the complex as saying on Feb.17.

He said that the two companies designed the power plant of Fajr-e Jam complex, but withdrew from construction operations due to sanctions.

Iran's power generation capacity is about 74 GW, but the country plans a 5-percent growth pace annually.

Before sanctions, Hitachi had an active presence in Iran, having provided Iran with gas turbines and induction motors used in its oil and gas sector.

Yashar Azad, a spokesman with Siemens told Trend Jan. 26 that the company wants to support Iran in the future development of its infrastructure.