Saudi Arabia’s Zenel Company and Iran’s Power Generation, Transmission and Distribution Company Tavanir have agreed to build the 1,200-megawatts power plant worth 500m euros to build a combined cycle power plant in Heris, East Azerbaijan province. Iran’s deputy energy minister for power affairs stated that the construction of the power plant will be launched by March 21 and will be completed within two years. The project will be abuild, operate, transfer (BOT) deal, and the electricity generated from the power plant would be sold to Iran.

Via AMEInfo.