Iranian holding company MAPNA Group signed an agreement with the Syrian government to construct a combined-cycle power plant with a capacity to produce 540 megawatts (MW) of electricity in the Arab country’s western province of Latakia.
The agreements was signed during a meeting between Iranian Energy Minister Reza Ardakanian and Syrian Electricity Minister Mohammad Zuhair Kharboutli.
The project is worth 411 million euros and the MAPNA plans to start the construction in early next year.
Back in May, Syrian Prime Minister Imad Khamis said Damascus is ready to facilitate the Iranian participation in the reconstruction process of the war-hit country.
Syria has been gripped by civil war since March 2011 with various terrorist groups, including Daesh (also known as ISIS or ISIL), fighting against its central government.
In the meantime, Iran has remained a close ally of Syria and supported its legitimate government in the face of foreign-backed militancy.
Syrian Prime Minister Imad Khamis has welcomed Iranian companies' active presence in Syrian reconstruction projects.
Indian power generation from conventional sources have recorded slight growth on the month after witnessing drastic fall in Nov'18, but the rate of output has remain almost flat m-o-m in Dec'18.
SIAMCO, a joint auto manufacturing company of Iran and Syria, will resume its production of mostly Iranian makes of cars, following the gradual restoration of peace in the Arab country.
The steam unit of a combined cycle power plant in Iran’s central city of Kashan was opened by First Vice-President Eshaq Jahangiri, in a bid to further increase the electricity capacity of the region.
An Iranian official said the country’s nuclear power plant near the southern port city of Bushehr has supplied around 5.5 billion kilowatt-hours (kWh) of electricity to the national grid over the past eight months.
Pakistan’s Minister for Communication and Works Department of Khyber Pakhtunkhwa Province Akbar Ayub Khan, in a meeting with Consul General of Iran in Peshawar Mohammad Baqer Beigi, expressed his country’s desire to benefit from Iran’s vast experience to develop the country’s infrastructure.