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Iran Water and Power Resources Development Co. > News > Chinese Investment in Iran’s Large Dams Pursues  

News: Chinese Investment in Iran’s Large Dams Pursues

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Chinese Investment in Iran’s Large Dams Pursues  

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Upon sending a delegation of Ministry of Energy and conducting funding negotiations, the issue of China’s investment on Roodbar-e- Lorestan, Bakhtiari and Chamshir Dam and Power Plant projects was pursued.
 During a four-day trip ,Iranian officials such as Eng. Attarzadeh, Deputy of Water Affairs in Ministry of Energy, Eng. Rezazadeh ,Managing Director of Iran Water and Power Resources Development Company,Eng. Bakhtiari, Head of Economic Planning in Ministry of Energy, Eng. Tarztalab, Deputy of Planning in Iran Water and Power Resources Development Company , as well as Eng. Amini, the Executive Director of Bakhtiari Dam and Power Plant paid a visit to Jing Ping Dam and Power Plant and had a meeting with Managing Director of China Export & Credit Insurance Corporation (SINOSURE), Managing Director of Sinohydro Corporation, Managing Director of CGGC, Ambassador of Islamic Republic of Iran  in China , as well as the officials  of  Cloud Reproduction Research Center of China.

Cooperation Agreement on Roodbar-e- Lorestan Dam and Power Plant Approved in China’s  State Commission
 In a meeting with Managing Director of China Export & Credit Insurance Corporation (SINOSURE), the Iranian delegation announced that Roodbar-e- Lorestan Dam and Power Plant is the first project to use the new credit lines between Iran and China, while the inception of the project is of a great importance in the current international political situation.
Eng. Rezazadeh emphasized that Islamic Republic of Iran has undertaken all measures to achieve the legal authorities for issuing permits, as well as reaching coordination with the banking system, thus the project is supposed to be commissioned before the New Iranian Year (Starting on March) as soon as the warranty is issued, and  pre-payment is undertaken by the Chinese.
On his part, Managing Director of SINOSURE assured that based on the policies of the country, the projects will be ensured that are approved by the government of China. The agreements of all relevant ministries such as Foreign Affairs, Commerce and Finance in China are achieved for Roodbar-e- Lorestan project , thus in less than coming 15 days, the project will be approved by China State Commission, headed by the country’s Prime Minister, so that the possibility of activating pre-payments will be provided.
 
Pursuing Negotiations of Using China’s Credit Line on Chamshir Dam Construction
Likewise, in the session, the necessity of creating coordination between CGGC Company and Chinese banks was discussed, thus the arrangements to use line of credit for setting up the dam and powerhouse was achieved.

Iran-China Cooperation Contract on Setting up World's Highest Dam to Ink 
Moreover, in a meet with Managing Director of Sinohydro Corporation, commenting on Bakhtiari Dam and Power Plant, the Iranian delegation emphasized that “In a meeting with Managing Director of Sinahydro Corporation, the Iranian delegation emphasized that Iran's motivation to cooperate with China is expanding the two countries’ ties in the current international conditions, while the use of a credit line between the two countries to fund the project, as the leading concrete dam and hydro power plant project, is really important.
On the other hand, the use of background and experiences of Sinahydro Corporation in a bid to provide cooperation conditions between the company and the Iranian companies is desired.
Then in the meeting, the both sides agreed to settle the remaining issues in the presence of the experts in the coming few days, thus the contract of Bakhtiari Dam and Power Plant  will be signed as of March 15.
 
Visiting World’s Highest Double Arc Concrete Dam under Construction in China
 Also, the Iranian delegation visited Jing Ping Dam and Power Plant in Southeast China, as the highest double arc concrete dam in the world under construction on one of the branches of Yang River. With 305 meters height, the power plant has the capacity to generate 3600 MW electricity.
Jing Ping Dam and Power Plant is setting up by Sinohydro Corporation and with other Chinese companies’ cooperation, including CGGC Company, while the physical progress of the project has so far reached to 60 percent.
 
Negotiation with Cloud Reproduction Research Center of China
Moreover, in the travel, the Iranian delegation had a meeting and discussion with Cloud Reproduction Research Center of China.
In the session the implemented plans in China and other regional countries such as Saudi Arabia, Egypt and Oman were described and the cooperation between Iran and Cloud Reproduction Research Center of China for carrying out joint projects was emphasized.
 
 

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Content Type: Announcement
Created at 3/5/2011 10:19 AM  by mohammad-alireza 
Last modified at 3/5/2011 10:22 AM  by mohammad-alireza 
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