Tuesday, October 16, 2007

Saudi, Malaysian Firms in Talks to Build Power Plants in Iran

from Arab News

Talks with Saudi Arabia and Malaysia on establishment of two power plants in Fars and Zanjan provinces are under way, deputy head of Iran Power Development Company (IPDC), Mostafa Ali-Rabbani, announced here Saturday, IRNA news agency reported on Sunday, a copy of which was sent to Arab News. The power plants will be built on the build-own-operate (BOO) or build-operate-transfer (BOT) basis, the English-language daily Tehran Times quoted him as saying. Ali-Rabbani termed it a novel strategy in the country’s energy sector. The official predicted a great presence of foreign and domestic private organizations in the projects in near future in line with enforcement of the Article 44 of the Constitution.

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