30% Domestic Share in Unit International Deal

30% Domestic Share in  Unit International Deal30% Domestic Share in  Unit International Deal

Domestic equipment manufacturers will have a 30% share in the contract with Turkish energy and construction company Unit International, which is commissioned to build two power plants in Iran, the deputy for planning at the Thermal Power Plants Holding Company said. 
“All the legal permits for the foreign company’s investment have been obtained and the two sides have exchanged contracts,” Hamidreza Azimi was also quoted as saying by IRNA on Thursday.
Azimi noted that the last stage for completing the process is issuing the letter of guarantee by the Ministry of Economic Affairs and Finance. “As soon as the letter of guarantee is issued, the Unit International will start its operations in Iran,” he said, stressing that moves to get such letters of guarantee for the Energy Ministry projects have only been initiated recently.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment