Turkey to invest in Iran’s combined-cycle power plant project

Business Materials 20 April 2017 12:26 (UTC +04:00)

Baku, Azerbaijan, Apr. 20

By Fatih Karimov – Trend:

Turkish energy company Unit International, in cooperation with World Bank will participate in a power plant project in Iran.

The combined cycle power plant with capacity of 880 MW will be constructed in Iran’s south eastern Sistan and Baluchestan province, Mandana Zanganeh, a local official said, IRNA news agency reported Apr. 20.

Over 700 million euro will be invested in the project by the Turkish side, she said, adding that the power plant will be constructed in 3 years.

The Turkish company earlier said that has reached a $4.2 billion deal with Iran’s energy ministry to build seven natural gas power plants there with capacity of more that 6,000 MW.

Construction of the seven plants was planned to begin in the first quarter of 2017.

Unit International is owned by Unal Aysal, the former chairman of major Istanbul soccer club Galatasaray.