Russia to Help in Iran's Energy Projects

Energy Minister Reza Ardakanian arrived in Moscow Thursday for talks with his Russian counterpart Alexander Novak and follow up on a planned $5 billion loan from the government in Russia.
The meeting was held in the framework of Iran-Russia Joint Commission on Economic and Trade Cooperation, the Energy Ministry news portal Paven reported.
Agreements related to energy, agriculture, industry, banking and technical affairs were discussed by the two sides.
The idea of the Russian loan was conceived in 2015, but the final documents were signed in September this year.
A major part of the loan will be used for construction of a 1,400 megawatt thermal power plant in Sirik County in southern Hormozgan Province.