Neyzar Combined Cycle Power Plant

From mid-2015, we got involved in drafting of an energy conversion agreement (ECA) for Thermal Power Plants Holding Co (TPPH), a subsidiary of the Ministry of Energy of the Islamic Republic of Iran. The aim was to satisfy ever-growing demand of electricity in Iran through foreign direct investments. Our proposed draft is now being used by TPPH as the approved format for the negotiation of the ECAs with foreign investors including Daelim Energy Co., Ltd., Korea Electric Power Corporation (KEPCO), Hyundai Engineering & Construction Co., Ltd. (HDEC), Hyundai Engineering Co., Ltd. (HEC) and their lenders including KEXIM.

We have been negotiating the ECAs, on behalf of TPPH, with the Korean investors for 3 projects one of which is Neyzar Combined Cycle Power Plant with the capacity of 500 MW using H class technology. This project is being developed by KEPCO and HDEC.