(MENAFN) Iran prepares to build a wind park in Kazakhstan to generate electricity in line with a deal that was signed between Iran's Power and Water Equipment and Services Export Company (SUNIR) and Eurasia Invest Group.
Consequently, the vital scheme also includes the construction of a 50-megawatt wind power plant by the Iranian side in the west of Kazakhstan near the Caspian Sea shores, according to the latest reports.
The Kazakh government will finance the USD110mn project, which will finish in 18 months, and it's worth mentioning that both nations have sealed a number of agreements in a bid to boost their collaboration in diverse areas.
Among the agreements, the two countries closed a MoU to establish a joint shipping company to boost bilateral trade through Iran's northern port of Bandar Anzali and Kazakh port of Aktau, both on the Caspian Sea.
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