Italy to build power plant for Iran

Italian Engineering company has signed a $543 million contract with Iranians to build a power plant

Italy to build power plant for Iran

World Bulletin / News Desk

"Finmeccanica's engineering unit Fata has signed a €500 million contract with Iran's Ghadir Investment Company to build a power plant in Iran," the Italian official said.

An Italian delegation, headed by Italian Foreign Minister Paolo Gentiloni and Italian minister for economic development Federica Guidi, arrived in Tehran last Tuesday to hash out further expansion of mutual cooperation in various fields.

The Italian ministers were accompanied by a group of high-ranking directors of Italian state-run and private companies. They visited their Iranian counterparts.

Italians could persuade Iran to sign its first European Memorandum of Understanding (MoU) on trade transactions after the recent nuclear agreement between Tehran and the six world powers in Vienna on July 14.

Singing this MoU, Italy could successfully beat its European rivals, on top of them France and Germany, who have been trying to lure Iranians and guarantee their presence in Iran's lucrative domestic market after the Vienna deal.

Iran has been inundated with an overflow of offers made by various European companies who have lined-up to enter the country's markets. Offers have been presented not in written proposals, but also through emails and even phone calls.

Iran and Italy have always played the role of a bridge in the relations between the East and the West and the two nations enjoy noteworthy potentials and capacities for the further development of their bilateral relations in scientific, cultural, economic, political and international fields.

Güncelleme Tarihi: 08 Ağustos 2015, 14:19