Siemens to build power plant in Iran

Posted on 6th March 2017

Iran has signed a preliminary deal with Germany's Siemens to manufacture equipment for the country's electricity industry, a report said.

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An agreement had been reached with Siemens for knowledge and technology transfer as well as the construction of a equipment plant for power generation industry, Mehr News Agency quoting Arsalan Fat'hipour, a member of Iran Electricity Industry Syndicate, said, according to Tradearabia news report.

He said that during a visit to Germany, an Iranian delegation signed a contract with Siemens and a plant will be built for manufacturing power equipment under the licence of the German company.

He said the agreement with Siemens will be finalised into a contract in two months.

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