Future Interiors Qatar 2016
 
Saturday, July 30, 2016
Directory Directory Subscribe
Login
 

China to implement three aluminum projects in Iran

 
 

Please, enter data

Please, enter data

Press Release, 15 March 2016

China’s Sinosteel Corporation has inked a Memorandum of Understanding (MoU) with Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, to implement three projects in Iran’s aluminum industry.
 
Based on the MoU, Sinosteel Equipment and Engineering Co. LTD, one of Sinosteel’s specialized companies, will implement three projects, including a plan for production of alumina powder, another for aluminum ingots, and a third one for construction of a power plant (to supply power for these factories).

The production capacity of the alumina factory will be 1.6 million tons; the second factory will produce 350,000 tons of aluminum ingots; and the combined cycle power plant will generate 1000 MW of electricity.

The two aluminum factory projects will be implemented in the form of EPCF (Engineering, Procurement, Construction, and Finance) or joint venture.


The power plant, however, will be constructed through direct investment using the BOO (Build, Own, and Operate) project model.

Sinosteel and IMIDRO are also planned to assign a working group in a bid to set the grounds for implementation of the MoU, and to implement the second phase of the plan (aimed at doubling the production capacity) once the first phase is implemented.

Before signing the MoU, the Sinosteel CEO Huang Jian expressed his country and his company’s willingness to boost cooperation with Iran in the post-sanctions era.

Mahdi Karbasian, Chairman of IMIDRO’s Executive Board, also welcomed Sinosteel’s investment in Iran, and urged the implementation of the projects based on modern environmental standards and up-to-date technologies.

There has been growing enthusiasm for closer trade ties with Iran and investment in the country after implementation of the JCPOA, a lasting nuclear deal between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) that terminated all nuclear-related anti-Iran sanctions after coming into force in January.

Press Release
14 March

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

$48 million invested in Egypt’s Beta Greens housing project
Daily News Egypt, 18 July 2016

Beta Gardens is a social housing project—part of the national housing project for young people—by Beta Egypt for Urban Development. The construction of ...

Read full story
$48 million invested in Egypt’s Beta Greens housing project
Italy to build the 3.6 billion euros north-south highway in Iran
Reuters, 18 July 2016

The Iranian government has signed a deal with Italy's highway agency ANAS for the construction and management of a 1,200 km (745 miles) road project that will ...

Read full story
Italy to build the 3.6 billion euros north-south highway in Iran
Back to Home Page 2212 --- 418 <><><> 954.66666666667.....exvideo=0....eximage=0
P 1
BR 18

Future Interiors Qatar 2016

 

 
3rd Annual Future Interiors Qatar
5 - September 2016
TPLA Experience Tech UAE
5 - September 2016
2nd Annual Solar Projects Egypt
6 - September 2016
2nd Annual LightingTech Egypt
26 - September 2016
2nd Annual Smart Parking UAE
28 - September 2016
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Solar Projects Egypt 2016

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  3rd Annual Future Interiors Qatar - 5 September - 6 September 2016  
  TPLA Experience Tech UAE - 5 September - 6 September 2016  
  2nd Annual Solar Projects Egypt - 6 September - 7 September 2016  
  Iraq Agro-Food - Baghdad 2016 - 7 September - 9 September 2016  
  Medicare Iraq Erbil - 13 September - 15 September 2016  
  2nd Annual Smart Parking UAE - 28 September - 29 September 2016  
  Erbil International Fair - 10 October - 13 October 2016  
  Future Accessibility & Assistive Technology - 10 October - 11 October 2016  
IFP Group Events Calendar

 


Notice: Undefined variable: left3 in C:\inetpub\wwwroot\rec2008\ifpinfo\ifpinfo-news.php on line 1545

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
3rd Annual Future Drainage & Stormwater Networks Qatar
3rd Annual Future Interiors Qatar
3rd Annual Future Landscape & Public Realm Qatar
Heavy Max
Hospitality Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Baghdad 2016
Iraq Agro-Food - Erbil
Medicare Iraq Erbil
Project Iraq - Erbil
Saudi Arabia
PMV Series at Saudi Build
Saudi Agriculture
Saudi Agrofood
Saudi Build
Saudi Power Sports
Saudi Stone-Tech
Saudi Transport
Riyadh Motor Show
 
 
  IMC
IFP Group 2016 - © All rights reserved