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Iran, China to ink agreement on 10 dam projects

Tehran, May 5, IRNA - Deputy Energy Minister Rasoul Zargar said here Saturday that a two-billion-dollar agreement on establishment of a maximum of 10 dams will be signed by Iran and China in two weeks.

He told IRNA that foreign investors warmly welcome dam and power station projects, adding that particularly European and Asian countries are keen to invest in Iran.

The deputy minister dismissed the news about the blockage of finances on Iranian projects as incorrect.

Expounding on the situation of domestic investment in the water sector, he said, "Despite reluctance of domestic investors to invest in any project, we are doing our best to build tow dams in Bushehr and Zanjan provinces by attracting domestic investment.

"We will attempt to finance the credits required for ten dam building projects in the current Iranian year (started March 21).

Tenders on five dam projects are being held and the winners will be declared in three months." He noted that the relevant five dams are to be built in Ardebil, West Azarbaijan, Gilan, Fars and Lorestan provinces.

Turning to the flood control project implemented in Dasht Zabol, Sistan-Baluchestan province, and the 200-million-dollar fund allocated to it by the World Bank in the 1970s, he said, "As a consequence of this project, no damage was inflicted on the area despite the flow of flood water from Afghanistan's Hirmand river in the current year.

"On account of such a project, we managed to harness the flood water and use it to irrigate the farmlands in Dasht Zabol.

"Therefore, the rate of cultivated farmlands in the area increased 3-4 folds and reached about 90 hectares," he said.

... Payvand News - 5/6/07 ...

... Payvand News - 5/6/07 ... --

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