Bid & Tender
Germany’s Siemens to Set up Major Power Plant in Iran

Date : Jun 14, 2016

According to a report, Iran has reached an agreement with Germany’s Siemens to set up a major new power plant in northern Tehran.


The deal will be signed soon, and Siemens will finance the Jalal power plant, Andoukhteh Shahed Institute board member Mohammadreza Ayatollahi, said.


He further noted that an estimated €330 million ($375.9 million) to €350 million ($398.7 million) will be required to build the first phase of the power plant.