Tag Archives | National Development Fund

Iran Commissions its Largest Wind Farm

By John Lee. Iran has reportedly commissioned its  largest ever wind farm. According to Energy Digital, the Sihapoush wind farm, in Qavzin province, is set to have a capacity of 61.2MW and comprise 18 Siemens Gamesa SWT-3.4-108 turbines. It has been fully commissioned by Arian Mah Baad, with EPC being done by local Iranian company […]

€260m Loan for Major Refinery Project

The National Development Fund of Iran (NDFI) will be tapped for a 260-million-Euro loan for completing the remaining phases of Bandar Abbas Gas Condensate Refinery Project, an official said. Managing Director of the National Iranian Oil Refining & Distribution Company (NIORDC) Alireza Sadighabadi said on Sunday that the refinery must reach full productivity by March […]

Iran Plans $3bn Investment to Develop 10 Oil Reserves

The National Iranian South Oil Company (NISOC) is planning a $3 billion investment for developing 10 oil reserves in the country within the next two years. An NISOC official, Abdollah Mousavi, said the company will dip into the National Development Fund of Iran for funding the projects. Addressing the closing ceremony of an exhibition on […]

IMIDRO Seeks $3bn Loan from NDFI

The mining sector needs to borrow $3 billion from the National Development Fund of Iran (NDFI) for its development and growth, chairman of the board of Iranian Mines and Mining Industries Development and Renovation (IMIDRO) said. Mehdi Karbasian added that with this loan the organization will be able to attract up to $9 billion in […]

$500m Allotted to Iran Border Province Development

The Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei has issued an order to withdraw a sum of $500 million from the country’s sovereign wealth fund for development projects in the southeastern province of Sistan and Balouchestan. Speaking on the sidelines of a military event on Monday, Iran’s Parliament Speaker Ali Larijani unveiled plans […]

Iran, Germany to build 2000 Rail Cars

By John Lee. The Industrial Development & Renovation Organization of Iran (IDRO) plans to build 2,000 railway wagons jointly with a German company, according to AzerNews. IRNA News quotes IDRO executive Fardad Daliri as saying that Iran’s investment in the construction of the wagons will amount to 55 percent and they will be used in […]

Iran Allocates $6bn for Petchem, Refinery Projects

The Director of Investment at Iran’s National Petrochemical Company (NPC) said the National Development Fund (NDF) has allocated 6 billion dollars for petrochemical and refinery projects. “Financing of projects from the fund will be expedited after SWIFT is back,” Amir Hassan Fallah told Shana. He said Japanese, South Korean, and European firms are interested in […]

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 […]

Negotiations with 15 Int’l Petchem Financiers

Iran’s major petrochemical firm, Persian Gulf Holding, is in business talks with 15 major foreign companies in a bid to finance it projects. “In line with the policy to develop the petchem sector and stop crude sales, 3.5 billion euros from the National Development Fund has been allocated to the company. About 50 percent of […]