May 16, 2016

Iran has signed an agreement with Kazakhstan towards building a 50-megawatt wind power plant in the west of Kazakhstan on the Caspian Sea coast within 18 months, a report said.

The agreement with signed between Iran’s Power and Water Equipment and Services Export Company (SUNIR) and Eurasia Invest Group in Tehran, Iran Daily reported, citingPress TV.

The Kazakh government will finance the $110-million project, it added.

Tehran and Astana have also signed a deal to set up a joint shipping company to boost bilateral trade via the Iranian port of Bandar Anzali and Kazakh port of Aktau, both on the Caspian Sea.

Iran and Kazakhstan also aim to increase rail transport via a railroad linking Iran, Turkmenistan and Kazakhstan, according to the report.

Source: http://tradearabia.com/news/OGN_306927.html

About Track Persia

Track Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.