Iran, Romania sign 1000MW power plant JV document
Tehran, Iran, November 29
By Mehdi Sepahvand - Trend:
An Iranian company and a Romanian company have signed an MoU on the joint-venture (JV) construction of a 1000-megawatt power plant in Mehran, western Iran.
The document was signed during a recent trip by an Iranian business delegation to Romania and headed by Foreign Minister Mohammad Javad Zarif, IRNA news agency reported November 29.
The power plant will be used to export power to Iraq.
Mohammad Azadi, CEO of Pichak Sanat Ilam, the Iranian party to the MoU, said the construction of the power plant will start in February 2017. He added the project will be complete in three years.
The budget needed for the project is $700 million, 70 percent of which will be provided by the Romanian company and the rest by the Iranian side.