Beirut Boat Top Banner
 
Monday, January 22, 2018
Directory Directory Subscribe
Login
 

Iran, Russia Finalize €1.2b Finance for Power Project

 
 

Please, enter data

Please, enter data

Financial Tribune, 12 September 2017

Russia’s Vnesheconombank, otherwise known as VEB, has signed a contract with Iran’s Bank of Industry and Mine to finance a thermal power plant project in Hormozgan Province.
 
The contract has been signed by the representatives of the Central Bank of Iran and Thermal Power Plant Holding Company on September 5 in Moscow, BIM’s website reported.
 
TPPH is responsible for organizing government activities in the field of thermal power generation, including the planning, development, management and operation of its subsidiary plants based on the policies of Energy Ministry.
 
Hormozgan’s power plant project is planned to be implemented via the Russian government’s €1.2 billion loan and become operational within five years.  
 
Iran’s Bank of Industry and Mine is the project’s agent bank through which the credits will be transferred.
 
According to the report, following this contract, BIM has paved the way for further cooperation between Iran and Russia, especially in the case of financing Iranian projects.
 
BIM was also the agent bank for a $1.5-billion loan from Exim Bank of China to finance the electrification of a 926-km railroad from Tehran to the eastern city of Mashhad in Khorasan Razavi Province. The financing contract, considered to be the first such deal after the removal of international nuclear sanctions against Iran, was signed in Tehran on July 26.
 
During negotiations with VEB, the Russian bank expressed interest in allocating short- and-long-term loans to Iran, without a guarantee from the government or the Russian Agency for Export Credit and Investment Insurance, only based on BIM’s creditworthiness.
 
VEB is a government-owned development bank tasked with providing funds for projects in Russia and foreign countries.
 
Financial Tribune
12 September
  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

GCC needs to invest $131 billion to meet five-year power demand
Arab Business News, 19 January 2018

GCC needs to invest $131bn to meet five-year power demand
GCC needs to invest $131 billion to meet five-year power demand
International tourists reached 1.32 billion in 2017 on global economic upswing
Business Mirror, 19 January 2018

IN spite of rising security and safety risks, people the world over are still traveling beyond their borders.
 
International tourists reached 1.32 billion in 2017 on global economic upswing
Qatar: Ashghal’s ‘Infrastructural Drive’ is driven by Necessity
Doha News, 18 January 2018

Public Works Authority (Ashghal) is taking up new infrastructural projects to meet expanding need to urbanise the country’s landscape.
Qatar: Ashghal’s ‘Infrastructural Drive’ is driven by Necessity
Easier transport would boost Turkey-Qatar trade ties
Anadol Agency, 17 January 2018

Easier transport would boost Turkey-Qatar trade ties
Back to Home Page 2197 --- 0 <><><> 342.16666666667.....exvideo=0....eximage=0
P -1
BR 0

RetrofitTech Dubai

 
4th Annual Future Landscape & Playspaces Abu Dhabi
29 - January 2018
MOI Innovation Summit
5 - February 2018
Future Traffic Security
8 - February 2018
3rd Annual Mosque Design & Development Summit
1 - April 2018
4th Annual RetrofitTech Dubai Summit & Awards
10 - April 2018
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Beirut Boat Left Banner

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Agriteq - 13 March - 15 March 2018  
  Project Qatar - 7 May - 10 May 2018  
  Qatar StoneTech - 7 May - 10 May 2018  
  Heavy Max - 7 May - 10 May 2018  
  Qatar Hospital Build - 7 May - 10 May 2018  
  Qatar School Build - 7 May - 10 May 2018  
  Qatar Sports Infrastructure - 7 May - 10 May 2018  
  Qatar Transport & Logistics - 7 May - 10 May 2018  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Agriteq
Heavy Max
Project Qatar
Qatar Hospital Build
Qatar School Build
Qatar Sports Infrastructure
Qatar StoneTech
Qatar Transport & Logistics
Iraq
Project Iraq Baghdad
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved