TEHRAN – The Russian company, Technopromexport, is negotiating with the Iranian Energy Ministry to establish five power plants in Iran’s northwestern province of East Azarbaijan.
Preliminary studies for the construction of two 450-megawatt (MW) power plants, two 350MW power plants, and one 125MW power plant will be carried out in the near future, according to the Mehr News Agency.
Tehran and Moscow are in talks to sign a deal worth $10 billion in the power sector.
On May 24, Russian Energy Minister Alexander Novak said, “We recently discussed a whole package of projects, worth nearly $10 billion, which could be carried out in electricity. These are for the construction of thermal power plants, the involvement of Russian companies in equipment supplies, and the renovation of supply networks.”
On May 13, Iranian Ambassador to Russia Mehdi Sanaei expressed Tehran’s willingness to purchase electricity from Russia and use Russian expertise in the construction of thermal power plants and renovation of two power stations in central and southwestern Iran.
Iran-Russia trade currently totals $5 billion a year, but economists say the two countries can at least quadruple the volume of their trade exchanges.