Tehran and Astana have signed a contract worth $600 million to build three power plants in Kazakhstan, Iran's Mehr news agency reported Monday.
“The project will be carried out in Kazakhstan by Iranian constructors and contractors using foreign finance, marking the first venture of its kind in the Central Asian country,” said Bahman Salehi, CEO of Iran Power and Water Equipment and Services Export Company (SUNIR).
The contract includes building three power plants in Kazakhstan; two wind power plants with the capacity of 50 megawatts (MW) and 60 MW, and also one 250 MW thermal power plant.
The power plants will be constructed on Kazakhstan's Caspian Sea coast where local equipment will be utilized.
A variety of infrastructure deals were also signed by the two countries.
“In addition to the construction of the three power plants, agreements have also been reached with Kazakh authorities to implement projects like road construction, water and sewage projects, gas pipelines, mining development and exploration for which Memoranda of Understanding (MoU) will be signed,” added Salehi.
Currently, Iran has power and water projects in 13 foreign countries of which Azerbaijan, Cuba, Ethiopia, Iraq and Pakistan rank as the top five countries on the list.
By Ugur Ertas