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Iran, Iraq to build first joint power plant in Baghdad

Jul 8, 2007 - Xinhua

Iran and Iraq officially signed an agreement on Sunday to set up their first joint power plant in the Iraqi capital of Baghdad, the official IRNA news agency reported. The agreement was signed by Managing Director of Iranian SANIR Company Reza Ebadzadeh and the Iraqi Deputy Electricity Minister Salam al-Qazaz.

Based on the agreement, SANIR Company, affiliated to Iran's Energy Ministry, is obliged to establish the 315-megawatt power plant in Sadr City, a suburban area of Baghdad.

The Iranian side has agreed to implement the project in almost two years to supply two districts inhabited by the low-income strata of Sadr City, Ebadzadeh told IRNA.

The project is to cost 150 million U.S. dollars, he said