Sep 4, 2019, 5:00 PM
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Russia to Help Build Power Plant in Iran's  Hormuzgan
Iranian Energy Minister Reza Ardakanian

Tehran, Sept 4, IRNA – Iranian Energy Minister Reza Ardakanian said on Wednesday that one of the major achievements of the visit to Russia was resolving of the remaining issues over the construction of a $1.2 billion 1,400 -megawatt power plant in Hormuzgan province, and we hope that the investor will provide $ 220 million in the next 3 months.

"All the signatures will be completed until the next meeting of the Presidents of Iran and Russia in Ankara," said Reza Ardakanian to reporters on Wednesday on the sidelines of an Iran's cabinet meeting.

Pointing out that the government is in line with the 5 percent of the constitution, the minister said: "In the future, the private sector's share in the electricity industry will not be limited to production, and we will try to invest in the private sector."

Iranian Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak stressed accelerating the implementation of the two countries' joint projects in a meeting in Moscow on Monday,  Sept 3.

Iranian and Russian energy ministers have emphasized accelerating the implementation of bilateral projects including a 1,400-megawatt thermal power plant in Sirik County in southern Hormuzgan Province, IRNA reported recently.

Reza Ardakanian and Alexander Novak met in Moscow on Monday, as heads of Iran-Russia Joint Economic Commission, to discuss the development of joint energy investments.

The Iranian minister was in Moscow to follow up on past decisions taken during the last joint commission held in Tehran and Isfahan in May.

During the meeting chairmen of Iran-Russia joint economic cooperation commissions discussed various issues like following up bilateral projects, and agreements in the 15th joint economic commission meeting held in Isfahan and Tehran.

They also discussed the latest conditions of building 1400-MW power plant in Sirik by using Russian loan and electrifying Garmsar-Incheboron railway.

Expressing happiness over finalizing Iran internal procedure to join Eurasian Economic Union, Novak said based on the agreements the temporary free trade agreement between Iran and Eurasia will become operational on October 26.  

He also called for implementing Iran-Kazakhstan-Russia trilateral agreement for temporary transfer, transit and swap of wheat.

He also lauded cooperation between Iran and Russian in aerospace field, and called for maintaining bilateral cooperation in digital energy field.

Meanwhile, Ardakanian invited Russian minister to attend Iran’s 19th international electricity exhibition.

Iranian energy minister together with Iran Foreign Minister Mohammad Javad Zarif arrived in Moscow on Sunday night to develop politico-economic ties and to discuss the latest developments about the Joint Comprehensive Plan of Action. 

The volume of Iran-Russia trade exchange has registered a 17 percent growth in recent years.


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