Tag Archives | Rostec

$1.1bn Russian Power Plant Deal

By John Lee. PressTV reports that Technopromexport, part of Russia’s state industrial conglomerate Rostec, will build a 1.4-gigawatt thermal power plant in the port city of Bandar Abbas. The project is estimated to cost €1 billion ($1.12 billion) which will be 85-percent financed through a Russian export loan, with the remainder provided by Iran. It […]

Russia’s Rostec To Enter the Iranian Market

By John Lee. Russian state company Rostec has held talks in Tehran with a view to building technology-based partnerships with Iranian industrial companies. Products involved include Russian-built rotorcraft and aircraft engines, automated control systems and high-tech optical products. The Chief Executive Officer of Rostec, Sergei Chemezov, said: “The Iranian market is one of the most […]

Russia to Fulfill Contract for S-300 Missiles

Russia and Iran are reported to be proceeding with a contract for Moscow to supply Tehran with S-300 surface-to-air missile systems. Tehran signed an $800-million contract with Moscow in 2007, but Russia postponed delivery in 2010 after the U.N. imposed strict sanctions on Iran. Russia’s RIA Novosti quoted Rostec chief Sergei Chemezov as saying: “The […]