Iran to build wind farm in Kazakhstan

Iran will construct a wind park in Kazakhstan to generate electricity.

The agreement was signed between Iran’s Power and Water Equipment & Services Export Company (SUNIR) and Eurasia Invest Group in Tehran on May 14, PressTV reports.

According to the agreement, Iran will establish a 50-megawatt wind power plant in the west of Kazakhstan near the Caspian Sea shores and The Kazakh government will finance the 110 million dollar project, SUNIR’s first major so far this year, which is due to complete in 18 months.

Kazakhstan and Iran signed 66 agreements to boost economic relations during the president of Kazakhstan, Nursultan Nazarbayev’s visit to Tehran on April 11.

Tehran and Astana reached agreement on a number of economic projects including the establishment of a joint shipping company. The planned freight shipping line would boost bilateral trade through the Iranian port of Bandar Anzali and Kazakh port of Aktau, both on the Caspian Sea.