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September 06, 2008


Iran to build 150 MW power plant in Sri Lanka - Report

Mehr News Agency quoted Mr Parviz Rezaii director of the Asia Pacific Commercial Department of the Trade Promotion Organization of Iran as saying that Iran will build a 150 MW electricity power plant in Sri Lanka.

Mr Rezaii said that the construction of the hydroelectric power plant was discussed by the Sri Lankan ambassador to Tehran and officials of the Export Development Bank of Iran, the Export Guarantee Fund of Iran, the Iran Foreign Investment Company and the Iranian Foreign Ministry.

He further added that the strengthening of Iran Sri Lanka relations depends on the expansion of bilateral trade ties, especially in the fields of technical and engineering services. He said that Iran Sri Lanka trade hit USD 730 million in Iranian calendar year 1385 (March 2006-March 2007).