Iran and Russia plan to jointly build eight thermal power plants in Iran that are worth more than $10bn.

In Tehran, Iranian Energy Minister Hamid Chitchian said preparation of necessary grounds are underway for energy cooperation with Russia.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

At a meeting with his Russian counterpart, Chitchian said: "The grounds for cooperation between Iran and Russia for constructing thermal power plants worth more than $10bn are provided, and we have planned for partnership in building eight new thermal power plants with the capacity of (generating) 2,800MW (of electricity).

"Four units of these power plants will be built in Bandar Abbas city, two units in Tabas city and two units in the new city of Sahand, and the construction of two power plants in Tabriz city is still in the stage of environmental studies."

Russian Energy Minister Alexander Novak said that the sanctions imposed by the West will not affect the energy cooperation between the two nations.

"The sanctions imposed by the West will not affect the energy cooperation between the two nations."

In addition to construction of the eight thermal plants, Russia will also be involved in the reconstruction of four old power plants in Iran.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Iran’s ISNA news agency quoted Chitchian as saying that the two nations have also discussed the construction of hydroelectric power plants and high-voltage electricity transmission networks.

Currently, the trade between the two countries is pegged at $5bn a year.

Russian firms Technopromexport, Inter RAO and its unit Inter RAO Export will be involved in the construction and modernisation of power facilities and delivery of equipment in Iran.

The two nations also plan to discuss possibilities of supplying power from Russia to Iran.

Defence Technology