Romania and Iran signed an agreement for building a 1000 MW power plant near the border with Iraq

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Romanian and Iranian investors have signed a preliminary agreement for building of a power plant with capacity of 1000 MW, which should be located near the border of Iran with Iraq. The project cost is estimated at 700 mln. USD, reported for BalkanEngineer.com the local information agency News.ro.

The agreement was signed during the visit of Iranian Foreign Minister Mohammed Javad Zarif in several countries of Eastern Europe. It is concluded between Romanian investors and the Iranian company Pichak Sanat Ilam.

According to the agreement, the Romanian part will provide 70% of the total investments. Official information from Iran states that the energy produced in the new plant will be exported to Iraq.

Source of the pictures: dom.com