Archive | Construction

German Firm Starts Construction of Solar Plant

By John Lee. IRNA reports that a German-Iranian company has started construction of first phase of a new 100 MW solar power plant in Meybod. Pasargad Solar Projects Ltd is developing the project in collaboration with Kronos Solar Projects GmbH and Parsia Business Development Solutions. (Source: IRNA)

IMIDRO in Mining Deal with Czech Republic

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) signed a memorandum of understanding (MoU) with the Czech Republic to boost cooperation in the mining industry. The document was signed in a meeting in Tehran between IMIDRO Managing Director Mehdi Karbasian and Czech Deputy Minister of Industry and Trade Eduard Muricky. The MoU […]

Iran ‘Luring Investment Destination’ for Energy Finance

A member of the Iranian parliament says Iran is “safe oasis” among Middle East countries for investing in oil and energy projects. Abdolkarimi Hossein Zadeh, a member of the parliament’s Civil Committee, noted the significance of attracting fresh investments in the energy and oil sector, adding Iran is a safe haven among regional countries for […]

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Russia lends €1.2bn for Iranian Power Plant

By John Lee. Russia’s state-owned Vnesheconombank (VEB) has reportedly agreed to lend Iran’s Bank of Industry and Mines €1.2-billion over five years for the development of the  1,400-MW Hormozgan thermal power plant. According to PressTV, Russian President Vladimir Putin said in February that Moscow would grant a total of €2.2 billion to Iran for two […]

Iran to Repair Syria’s Power Grid

Iran has signed a memorandum of understanding (MoU) with Syria to repair the Arab country’s power grid, a report said. The agreement was signed on Tuesday during a visit by Syria’s electricity minister to Tehran, SANA news agency reported. According to the terms of the deal, Iran will build a power plant in Syria’s coastal […]

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Major Terminal under Construction at Astara Port

The executive director of the Astara Development Project said a terminal with an annual loading and unloading capacity of 2.5 million tons of grain and other commodities is being constructed at Astara Port in northern Iran. “The dedicated capacity of this port (Astara Port) has been designed for 2.5 million tons per year and now […]

Iran Discovers Huge Iron Ore Reserves

By John Lee. Iran has reportedly discovered huge reserves of iron ore in Yazd province. Press TV quotes the Director General of Yazd’s Industry, Mine and Trade, Mohammad Reza Alamdar-Yazdi, as saying that new find is estimated to hold two billion tonnes of reserves, with iron content of 70 percent, at a depth of 1,500 […]

Iran to Build Oil Terminal on Sea of Oman Coast

Iran’s oil minister unveiled plans for the construction of a major oil terminal on the shores of the Sea of Oman southeast of the country to facilitate crude exports. Speaking in a televised program on Monday evening, Bijan Zanganeh said the “strategic decision” to build the new oil terminal has been made by President Hassan […]

India in talks to Develop Chabahar Port

India’s Transport and Shipping Minister Nitin Gadkari said he has held talks with Iranian officials on a range of issues, including the development of Iran’s port of Chabahar. Gadkari said that during his recent trip to Tehran, he held talks with Iranian officials on a wide range of issues, including developing Chabahar Port and funding […]

€3bn Siemens Credit Line on the way

By John Lee. Germany’s Siemens is reported to be preparing to provide 3 billion euros in financing for rail and power projects in Iran. Deputy Minister of Road and Urban Development for International Affairs, Asghar Fakhriyeh-Kashan, said on Tuesday: “Through financing a number of construction projects, Siemens plans to enter into a joint venture with […]

Chabahar Port Signs Deal with India Ports

India Ports Global Private Limited (IPGPL) has reportedly signed a contract with Aria Banader of Iran to equip and operate two terminals at Chabahar – Shahid -Beheshti Port for transportation of goods and other purposes. IPGPL is a joint venture between Jawaharlal Nehru Port Trust (JNPT) and Kandla Port Trust (KPT). According to the report […]

easyHotel to deliver 500+ new Hotel Rooms in Iran

By John Lee. UK-based easyHotel, the owner, developer and operator of “super budget” branded hotels, has announced that it has signed a Master Development Agreement with 3SV Limited to develop the easyHotel brand across multiple sites in Iran. The Iranian Tourism industry has seen significant growth in recent years with the Government outlining ambitious plans […]

IRGC Engaged in Development Plans across Iran

Commander of the Islamic Revolution Guards Corps (IRGC) said his forces are actively involved in development plans all over the country, saying the IRGC sees no limits to its role in helping create jobs and improve the livelihood of people should the administration prepare the grounds. The IRGC has its roots in people and the […]

Iran plans High-Speed Rail Links

By John Lee. Iran Railways says it has signed a preliminary agreement with the Italian state-owned Ferrovie dello Stato (FS) to build two high-speed links in Iran. The lines will run between Qom and Arak, and between Tehran and Isfahan. According to the report from Associated Press, Iran signed an $8 million deal with French company […]

Finnish Co to supply Gas Power Plants to Iran

The Finnish technology group Wärtsilä will supply engineering and equipment deliveries for two baseload power plants to Iranian energy companies Baran Niroo Beshel Co. and Tamin Niroo Saam Co. This is a breakthrough project as Wärtsilä is supplying the first decentralised power plants of its kind to Iran, showing results from our efforts to support […]

Italy’s Eusider agrees Iran Ferrosilicon Deal

By John Lee. Italy’s Eusider has reportedly signed a long-term agency agreement with Iran’s biggest ferrosilicon producer. According to PressTV, the exclusive distribution agreement with Iran Ferroalloys Industries Company (IFI) would give Eusider “the right space to market” Iranian ferroalloys, the company said. Based in Azna in Lorestan province, IFI is the first and biggest Iranian […]

MPs to Examine Water Supply Problems

MPs to Examine Water Supply Problems Created by Neighbors Iranian lawmakers plan to establish “the water security committee” to examine the issue of building dams on rivers flowing into Iran by some neighboring countries, a member of the parliament’s National Security and Foreign Policy Commission announced. Speaking to the Tasnim News Agency, Abolfazl Hassanbeigi said […]

Iran Welcomes S. Korean Investments in Energy, Railroad

Iranian Parliament Speaker Ali Larijani reiterated the country’s willingness to promote relations with South Korea in all spheres, saying the Islamic Republic welcomes investments from the East Asian nation in energy and railroad sectors. Speaking at a meeting with his South Korean counterpart on the sidelines of the second annual meeting of parliament speakers of […]

Russia Ready to Electrify Tehran-Tabriz Railway

Russian Railways is ready to help electrify Tehran-Tabriz railway to connect the Iranian capital to the northwestern city, First Vice President of the Russian Railways Operator Alexander Misharin said. This issue was discussed today with the President of the Islamic Republic of Iran Railways (RAI) Saeed Mohammadzadeh, Misharin added, the Tass news agency reported on […]

India’s NALCO puts Iran Project on hold

By John Lee. India’s National Aluminium Company Ltd (NALCO) has put its overseas projects on hold in order to focus on expanding domestic capacity. The company signed a memorandum of understanding (MoU) with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) last year to explore the possibility of setting up a joint […]