Archive | Construction

Iran to Generate 7,600MW from Renewables

By John Lee. Iranian Minister of Power Hamid Chitchian (pictured) said his ministry plans to reach an output of 7,500 megawatts from renewable energy by 2030. The power will be generated by wind, water, solar, biomass, and geothermal plants. He added that the ministry has managed to reduce energy wastage by 4 percent during the […]

Iran Signs Electricity Deal with Malaysian Firm

By John Lee. SUNIR (Iran Power & Water Equipment and Services Export Company) has signed a technical and engineering cooperation agreement with Malaysia’s BNC Electrical. The 2-year contract was signed by Bahman Salehi (Sunir CEO) and Zeydan Almerani (BNC Electrical CEO). SUNIR has carried out over 200 power projects in the region ever since it […]

Italian Group to Build 5 Hospitals in Iran

By John Lee. An Italian construction group has signed a preliminary agreement with Iran to build five hospitals, according to a report from The Local. Pessina Costruzioni will build the first three 1,000-bed hospitals in Tehran, with two other 500-bed facilities will be built in Rasht and Nishapur. Guido Stefanelli, the CEO of the Milan-based company, […]

Shahr-e-Rey Power Plant to be Modernised

During a visit this week to Shahr-e-Rey, south of Tehran, President Rouhani said that 4,320bn rials ($140 million) has been allocated for 12 major projects in agriculture, industry, water and waste water, sports, and the environment, all to be completed withing the next two years. While opening the 7th Tehran water treatment plant (WTP), Dr […]

Iran to be New Skiing Destination

Iran could be the next big destination for skiers, according to a report from The Economist. The resort of Dizin (pictured), for example, has lifts that go to almost 3,600 metres (12,000 feet), and a day pass costs just $20. The country’s tourism organisation wants to boost visitor number from 4-million now to 20-million by […]

Rouhani Prioritises Iraq Transport Connections

President Rouhani has ordered the Minister of Road and Urban Development and the Head of the Organization of Management and Planning to push the implementation of the joint Iran-Iraq project for the construction of the Khorramshahr-Basra railroad and the completion of Darreshahr-Abdanan road to facilitate the movement of pilgrims between the two countries. At the […]

Russian €1.2bn Contract for Iranian Rail Electrification

Russian news agency TASS reports that the cost of the electrification of the 495-km railway section between Garmsar and Ince Burun is estimated at €1.2 billion. The project will be financed by the state export credit agency of the Russian government, and carried out by Russian Railways subsidiary RZD International. During talks held in January 2014 […]

Much-Awaited Future Energy Forum Opens for Membership

Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in the development of emerging energy markets. A much anticipated forum, FEF is spearheaded by William Wakeham and Leanne Case, both of whom are leading experts on critical […]

Iran ‘Creating own Jebel Ali in South’

Iran is planning to create a major free trade zone (FTZ) on its southwestern border areas with Iraq, reminiscent of the hugely successful Jebel Ali trade hub in the United Arab Emirates. The Arvand FTZ covers an area of more than 37,400 hectares, including Abadan, Khorramshahr, Minoo Island and the Shalamchech border crossing to Iraq. […]

Port of Antwerp Meets with Iran

A delegation from the Belgian port of Antwerp visited Iran last week to re-establish shipping and commercial ties. According to a report from MarEx, the meetings included officials from Iran’s Ports and Maritime Organization, the Islamic Republic Shipping line (IRSL), Iranian Customs and the Iranian investment Organization, finishing with a visit to the Shahid Rajaee […]

Iran, Russia Joint Projects Valued at $30bn

By John Lee. Mahmoud Vaezi (pictured), Iran’s minister of communications and information technology, has told reporters that Iran has put together a package of 121 potential joint projects with Russia valued at $25-30 billion. Following the visit this week of Russian Energy Minister Alexander Novak and his 50-strong delegation, Iran will soon send a high-ranking […]

Russia to Build $1.2bn Electric Rail Line in Iran

By John Lee. Iran said on Thursday that it plans to award a $1.2-billion electric train project to Russia. Abbas Akhundi (pictured), Iran’s minister of roads and urban development, told reporters that the new service will connect Garmsar in eastern Tehran to the border town of Incheh Borun in the northeastern Golestan province. The proposal […]

120 Chinese Firms Involved in Iranian Projects

By John Lee. Iran’s former ambassador to China, Fereidoun Verdinejad (pictured), said about 120 Chinese companies are currently engaged in projects in Iran, according to a report from IRNA. Adding that trade could easily rise to $50 billion, he said cooperation between the two countries could focus on areas such as reviving the Silk Road, […]

Russia to Open $5bn Iran Credit Line

By John Lee. Russia plans to open a US$5 billion credit line for Iran to help finance infrastructure projects in the country, according to a report from AFP. During a visit by Moscow’s energy minister, Alexander Novak (pictured), to Iran on Thursday he told Iranian Telecommunications Minister Mahmoud Vaezi, “we hope we can open a […]

Prague ready to Invest in Infrastructure Projects

The Charge d’Affaires of the Czech Republic to Iran, Peter Stephen, has said that Czech investors and companies are ready to undertake development and infrastructural projects in the Islamic Republic. Speaking to officials in Alborz Province, Stephen said the lifting of economic sanctions against Iran will bring more Czech companies to the country. The Czech […]

Spanish Firms Considering Projects in Iran

IRNA reports that Spanish companies have begun analyzing tenders for participation in infrastructure and development projects in Iran to be implemented in the course of the next year. According to Spainish political daily The Diplomat, Iranian officials have declared the country’s readiness for partnership with foreign firms in 121 infrastructure and development projects worth more […]

Tags:

French Companies Eye Iranian Market

Senior officials from more than 150 French companies visited Tehran recently to discussed investment prospects in oil, gas and other sectors. Eric Festa, the director general of Total E&P Iran, said that the company currently has to comply with international sanctions on Iran, but told Iran Daily: “Following the lifting of the embargoes, we will […]

Amec Foster Wheeler Gears up for Iran Return

By John Lee. A senior executive at British engineering consultanct Amec Foster Wheeler says the company is carefully watching the progress of Iran’s nuclear deal with world powers in the hope of returning to the country. Garry Dryburgh, Middle East and Africa President, told Shana: “We are watching with interest the implementation progress of the joint […]

German Firm to Fund Iranian Wind Farm

By John Lee. A German-Iranian company has reportedly signed an agreement to build a 48-megawatt wind farm in southwestern Iran. Development Environment Arvand Company will fund the 40-million-euros ($46-million) project in the Arvand Free Trade Zone in Iran’s Khuzestan province. Project Manager Frank Riesbeck told Bloomberg that turbine shipments are due to begin in January, […]

Iran building Middle East’s first Geothermal Plant

By John Lee. Iran is building the Middle East’s first geothermal power plant. The 50-megawatt pilot station at the foot of an dormant volcano in northwestern Meshgin Shahr, Ardabil province, is projected to come on stream in the next two years, accoring to PressTV. Energy Minister Hamid Chitchian (pictured) said the plant involves the drilling […]