Siemens to Build Plant in Iran for Manufacturing Power Equipment
Siemens to Build Plant in Iran for Manufacturing Power Equipment

Siemens to Build Plant in Iran for Manufacturing Power Equipment

Siemens to Build Plant in Iran for Manufacturing Power Equipment

A preliminary deal has been signed with German engineering giant Siemens to manufacture  equipment for the electricity industry, Arsalan Fathipour, member of Iran Electricity Industry Syndicate said.
"Based on an agreement with Siemens, which is expected to be finalized into a contract within two months, a plant will be built for manufacturing power equipment under the license of Siemens," Fathipour was quoted as saying by Mehr News Agency on Friday.
Products from the joint venture, such as transformers, can be exported besides being used for domestic consumption.
"Collaboration with Siemens is aimed at accelerating production, reducing costs and expanding the export of electricity equipment," noted Fathipour, a former lawmaker.
The plant will be built in Parand, a town about 65 kilometers southwest of Tehran. The official did not comment on the value of the project.
Siemens has made notable headways in cooperation with Iran after international economic sanctions were eased last year.
The Munich-based engineering and manufacturing company has signed a deal to deliver more than 20 F-class turbines and share expertise in turbine manufacturing as part Iran's  push to upgrade its aging electricity infrastructure and build power plants with improved efficiency.
Siemens said in January that it had received a major order for 12 "compressor trains" for two onshore natural gas processing plants in Iran. The deal was described by Mohsen Nayebzadeh, CEO of Siemens in Iran, as "Siemens' first huge oil and gas order since the easing of sanctions in January 2016".


Short URL : https://goo.gl/puOCYG
  1. https://goo.gl/ZTfgC7
  • https://goo.gl/aWxSXm
  • https://goo.gl/PufuZr
  • https://goo.gl/S4qgrv
  • https://goo.gl/cJtSPs

You can also read ...

Iran has become an exporter of oil byproducts after years of import.
With the aim of producing Euro-5 diesel in Shiraz refinery,...
BP: Technology to Lower Oil Extraction Costs
Better technology could reduce the average production costs of...
ExxonMobil Partners With Pakistan for LNG Terminal
ExxonMobil is working with a group of Pakistan’s large...
Italy's Eni Promises Richer Returns After Higher Growth
Italian oil major Eni hiked its dividend on Friday and held...
Total is ADNOC’s largest and one of its longest international partners, active in Abu Dhabi’s oil and gas sector since 1939.
Abu Dhabi National Oil Company said on Sunday it has signed 40...
Ardakanian Attends World Water Forum
Energy Minister Reza Ardakanian left Tehran for Brasilia,...
South Zagros Company has exceeded its daily production target by 2.5 million cubic meters.
South Zagros Oil and Gas Production Company, a subsidiary of...

Add new comment

Read our comment policy before posting your viewpoints