Hormozgan Power Project's Banking Problems Resolved

Banking problems to open a letter of credit for the construction of a 1,400-megawatt thermal power plant in southern Hormozgan Province have been resolved, the managing director of Iran’s Thermal Power Plants Holding Company said.
“The L/C is projected to be opened soon,” Mohsen Tarztalab was also quoted as saying by Mehr News Agency on Saturday.
Based on a deal signed in mid-December 2016, the Russian company Tekhnopromexport and TPPHC will jointly construct the thermal power plant.