Baghdad, July 8, IRNA - Iran and Iraq officially signed an agreement on Sunday to set up the first joint power plant in Baghdad, Iraq.
Managing Director of Iranian SANIR Company Reza Ebadzadeh and the Iraqi Deputy Electricity Minister Salam al-Qazaz signed the agreement on behalf of their respective sides.
Based on the agreement, SANIR Company, affiliated to Iran's Energy Ministry, is obliged to establish the 315-MW power plant in Sadr city, east of the Iraqi capital for Iraq's Electricity Ministry.
Ebadzadeh told IRNA that the Iranian side has agreed to implement the project in almost two years for two districts inhabited by the low-income strata of Sadr city.
The project is to cost dlrs 150 million, he said, adding that it is considered the first Iranian power plant in Iraq.
Iraqi electricity minister, for his part, expressed hope that the project will be the forerunner for implementing other major ventures.
Karim Vahid added that according to the accord reached between Iranian and Iraqi officials, the two sides are to establish four power plants in other Iraqi provinces.
He predicted that with the implementation of such projects, the problem of electricity shortages in Iraq will be solved.
Deputy Commerce Minister for Iraqi Kurdistan province Aziz Abdel Ibrahim, heading the high-ranking delegation, held talks with governor of Piranshahr in West Azarbaijan province.
At the meeting, the two sides underlined the need to expand trade, economic and cultural exchanges given the cultural and historical commonalties.
Ibrahim said that the delegation is visiting the Islamic Republic of Iran to participate in the international exhibition and seminar on 'the Study of Strategies to Expand Trade Ties with Iraq'.
The Conference on Expanding Trade Ties with Iraq will be attended by the governor general of West Azarbaijan and a number of economic officials in Orumiyeh, the provincial capital, on Monday.
After holding discussions with officials of the border city, the Iraqi delegation left Piranshahr to Orumiyeh.
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