China's Sinohydro has signed a deal to build a 108-MW hydropower project in Iran, the state-owned Assets Supervision and Administration Commission (SASAC) reported.
According to the SASAC, the RMB 10.035 billion (US$1.5 billion) project will be constructed on a 101-meter-high dam and will take Sinohydro approximately 60 months to complete.
The hydropower station is one of several cooperative projects between China and Iran and is one of the Iranian Ministry of Energy's key energy projects, wire services reported.
Recently, Zimbabwe signed a $400 million agreement with Sinohydro Corporation Limited to expand its Kariba hydropower project, wire services reported.
The government has signed a memorandum of agreement with Sinohydro for the expansion of Kariba by an additional two 150-MW units, the director of the Zimbabwe Power Company, the generation unit of state utility ZESA, told Reuters.
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