Iran, Russia finalize date for launch of construction works on Sirik Power Plant
Iranian and Russian companies are to kick off construction works for a jointly-financed power plant project in southern Iran next week, according to the Iranian Energy Minister Reza Ardakanian after a visit to Russia.
Ardakanian said on Friday that works on Sirik Power Plant, a major electricity station on the Persian Gulf coast, would start on June 10 in a ceremony attended by Iranian and Russian officials in the port city with the same name.
That comes more than three months after the Russian government issued banking guarantees for a loan of $1.2 billion that will be used for construction of the project.
The funding is part of a wider package of loans worth $5 billion that will be used by Iran for several key infrastructure projects in the country.
Speaking to reporters following a two-day trip to Russia, Ardakanian said that he had reached agreements with Russian authorities on how to earmark the rest of the Russian finances to two railroad projects in Iran.
He said a letter of credit for the loan on Sirik Power Plant had been opened, saying everything was ready to kick off construction works for the project.
The Iranian minister described the power plant as a key component of Iran’s plans to develop infrastructure at the southeastern coasts of the Persian Gulf.
He said the project will be able to mazut as its fuel, allowing Iran to save some 3 billion cubic meters of natural gas each year.
The Sirik Power Plant is planned to be constructed in four units with a total electricity generation capacity of 1.4 gigawatts.
Russia’s Power Machines, a major company focused on thermal power plant construction, has been awarded to build the plant in the next five years through partnerships with local Iranian energy and construction firms.
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