Energy Minister Reza Ardakanian said Tuesday construction work has begun on a combined-cycle power plant that will produce 540 megawatts in Syria’s western port city of Latakia.
"The plant is estimated to cost €411 million of which 40% will be provided by the Damascus government," Ardakanian said in Syria on Tuesday, noting that Export Development Bank of Iran is the other financier, Paven, the Energy Ministry news portal reported.
A contract between the Energy Ministry and EDBI says the loan will be repaid when the plant starts work, he said.
January 30, 2019 17:38
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