Russia, Iran begin building 1.4GW power plant

22 February 2017

Russia and Iran have begun the construction of a 1.4-gigawatt (GW) thermal power plant in the city of Bandar Abbas in southern Iran, a report said.

Russian company Technopromexport and an Iranian holding company signed an agreement on the construction of a thermal power plant in Iran with €1.2 billion ($1.27 billion) funding of by Russia, reported Iran Daily, citing Sputnik.

The Russians will also improve the efficiency at the Ramin power plant in Khuzestan Province to 50-55 percent from the current 36 percent, a government official said.

"The two power contracts between Iran and Russia are worth several billion dollars. The details will be announced in the future," he added.