Tehran, March 16, IRNA -- Iran and Tajikistan have signed an agreement to complete construction of a 670mw hydraulic power plant in Sangtudeh, 140 km southeast of the Tajik capital Dushanbe, here on Tuesday.
The accord was inked by Iran's Minister of Economy and Finance Tahmasb Mazaheri and Tajik Energy Minister Dzhurabek Nurmakhmatov. According to the agreement, the Islamic Republic of Iran will finance the dlrs 360-million project.
Meanwhile, Iranian Ambassador to Dushanbe Nasser Sarmadi Parsa told IRNA last Thursday that initial construction of the power plant started in 1989 but was stopped after the collapse of the former Soviet Union. It has thus far cost the project dlrs 200 million.
Iran's participation in the project is under the build-operate- transfer (BOT) method.
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