18:29 GMT18 January 2021
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    Russia’s Technopromexport engineering company is ready to pay up to $26.4 million to a potential general designer of Iran’s thermal power plant on the Persian Gulf, materials published on the official state procurement website Wednesday stated.

    MOSCOW (Sputnik) – Moscow and Tehran reached a preliminary agreement in November 2015 to allocate a $5-million loan to Iran, part of which the head of Rostec state technologies corporation said would be used by Technopromexport to construct a thermoelectric power plant in Iran. Rostec is Technopromexport's parent company.

    "A two-stage hard-copy competition has been opened on the right to sign an agreement to perform a set of operations as General Designer in the construction of the Hormozgan TPP facility," the document states, naming the sum of 1.6 billion rubles.

    The plant near the city of Bandar Abbas in Hormozgan province is expected to consist of four units with the total capacity of 1,400MW, according to the procurement document.

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    Russia, Iran
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