VOL. XLI

No. 27

6-July-1998

IRAN

Iran And Italy Sign Agreement On Power Plant Construction

The Iran Power Development Company on 1 July signed a preliminary agreement withAnsaldo Energia of Italy for the construction of a 320-megawatt power plant in the Iranianport city of Bandar Abbas. Ansaldo Energia is the energy branch of Italy's state-ownedFinmeccanica-Ansaldo group. The deal is worth $400mn and was signed during a two-day visitto Iran by Italian Prime Minister Romano Prodi on 30 June-1...