Iran, Kazakhstan ink power deal

Iran, Kazakhstan ink power deal

Iran, Kazakhstan ink power deal


On the verge of Kazakh president’s visit to Tehran, the two countries sealed an agreement with Eurasia Invest Group to build three wind and thermal power plants worth 600 million dollars while the power stations are scheduled to be constructed within 18 months in the Central Asian country.
Bahman Salehi, the CEO of Iran Power and Water Equipment and Services Export Company known as SUNIR, described the details of the newly signed deal saying “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.”
Salehi emphasized that the generating stations will be built in Kazakhstan along the Caspian Sea coast bordering the Silk Road in Almaty region; “domestic equipment will be exploited for the completion of the project.”

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