Russia and Iran sign US$ 2.5 bn deal thermal power plant construction

Posted on 15th December 2016

Russia and Iran signed a $2.5 billion deal on construction of a thermal power plant in southern Iran and electrification of a railway line, a report said.

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The thermal power station is going to be built in Bandar Abbas in the southern province of Hormozgan, while the railway line that will be electrified connects towns of Garmsar and Incheborun, reported Iran Daily citing Sputniknews, according to Tradearabia news report.

Both countries also signed roadmap on trade and industrial cooperation and a memorandum of understanding between Russia's EXIAR and Iranian banks Parsian and Pasargad.

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