Russia, Iran reach Power Agreement

Mehr News Agency reports that Russia’s Inter RAO – Export LLC has signed an MoU with Iran’s Khuzestan Water & Power Authority to expand the Dez hydro-electric power plant (pictured) by 720 MW.

The project will include the construction of an additional turbine hall.

The Russian company will also participate in the modernization of Ramin thermal power plant, based on an MoU with Iran’s state-run Thermal Power Plants Holding Company.

Inter RAO – Export will draw up technical and commercial proposals for the projects, and will also arrange raising of the debt financing for the customer equal to 85 per cent of the projects’ cost.

It will acts as an EPC (engineering, procurement and construction) contractor without investing its own funds.

The 520-MW Dez power station is located on the Dez River in Khuzestan, while the 1830-MW Ramin plant is located in the city of Ahvaz, also in Khuzestan.

(Source: Mehr News Agency)

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