A major Turkish energy company has finalized a $4.2bn deal with Iran's Energy Ministry to set up seven natural gas power plants in the Islamic Republic.
Turkish energy company Unit International said in a statement on Saturday June 4 that it has inked an agreement with Iran to build seven power stations with about a combined installed capacity of 6,020MW in seven separate regions of Iran.
“Unit International has reached a deal with the Iranian Energy Ministry worth some $4.2 billion to build natural gas combined cycle power plants,” Unit said, adding the agreement was signed at a ceremony in Tehran on June 1, Reuters reported.
Unit International is owned by Unal Aysal, the former chairman of major Istanbul soccer club Galatasaray.
Back in April, Iran and Turkey signed eight memorandums of understanding (MoUs) to strengthen bilateral cooperation in various areas.
The cooperation documents were signed in a ceremony in Ankara on April 16, attended by Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyib Erdogan.
The documents covered a range of fields, including higher education, social security, plant maintenance services and standardization.
The heads of the Muslim states and members of the Organization of Islamic Cooperation (OIC)…
Iranian Foreign Minister Hossein Amirabdollahian says all crew of an Israeli-owned Portuguese-flagged ship recently seized…
Dozens of universities in Iran have offered free scholarships to the students who have been…
A 4-year-old Iranian child has been found five days after going missing in the country's…
Pro-Palestine students at campuses across the United Kingdom have set up encampments demanding that their…
Tel Aviv has threatened that it will retaliate against the Palestinian Authority (PA) if the…