Iranian energy sector attracts investment
UPI
25-Aug-2010

TEHRAN, Aug. 25 (UPI) -- Iran, anxious to break out of the latest round of U.N. sanctions, is broadening its foreign contacts to expand its energy resources.

Iran is to cooperate with the United Arab Emirates and Germany, who are investing $1.1 billion to construct several conventional power plants, the Fars News Agency reported Wednesday.

Iran's Energy Ministry issued a statement noting, "Germany has invested $445 million in construction of the Pareh-Sar combined cycle power plant in northern Iran, while the Emirates has invested $720 million in construction of a gas power plant as well as a combined cycle power plant in Isfahan and Shiraz."

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