TEHRAN (TCA) — Iran and Kazakhstan have agreed on the construction of a wind park to generate electricity in Kazakhstan, Iran’s PressTV news agency reported.
The agreement was signed between Iran’s Power and Water Equipment & Services Export Company (SUNIR) and Eurasia Invest Group in Tehran on May 14.
The deal will require the Iranian side to build a 50-megawatt wind power plant in Kazakhstan’s west near the country’s Caspian Sea shore, IRNA reported.
The Kazakh government will finance the 110 million dollar project, which is due to complete in 18 months.
Last month, Tehran and Astana reached agreement on a number of economic projects including the establishment of a joint shipping company.
The planned freight shipping line would boost bilateral trade through the Iranian port of Bandar Anzali and Kazakh port of Aktau, both on the Caspian Sea.
Iran and Kazakhstan also decided to increase their volume of rail transport through a railroad that links Iran, Turkmenistan and Kazakhstan.
In addition, Iran’s President Hassan Rouhani received his Kazakh counterpart Nursultan Nazarbayev on April 11 in the Iranian capital city where the two oversaw the signing of a number of agreements in different areas.
Rouhani later said that Iranian and Kazakh officials had signed 66 documents for cooperation, worth two billion dollars, in the public and private sectors, adding that the agreements mark a “turning point” in mutual relations.
He noted that Tehran and Astana would strengthen cooperation in different fields of economy, agriculture, science, culture, technology and communications.
