Siemens to establish power industry equipment firm in Iran
Baku, Azerbaijan, Mar. 3
By Emil Ilgar – Trend:
Germany’s Siemens and Iran has reached an agreement to establish a joint venture to produce power industry equipment in Iran, Arsalan Fathipour, a member of Power Industry Syndication, told Mehr Mar. 3.
He added that various types of transformers will be produced in the joint firm, based on Siemens license, to be sold inside and outside of Iran.
He added that a final agreement is expected to be signed in two months.
The firm will be established in Tehran’s Parand region.
Iran and Siemens have already signed an agreement to manufacture F and H-class power turbines.