Iran, Romania sign $700m Energy Deal

By John Lee.

Iranian Foreign Minister Mohammad Javad Zarif has signed an agreement with Romania to build a 1,000-megawatt power station near the Iraqi border.

The project signed between Pichak Sanat Ilam Company of Iran and the Romanian side calls for investment of up $700 million, 70 percent of which will be sourced by the Romanians and the rest by Iran.

The plant will be built in the Iranian town of Mehran near the Iraqi border, and is intended for exports of electricity to Iran’s western neighbour, Azadi said.

(Sources: Ennahar Online, PressTV)

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