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Russia’s media said Technopromexport engineering company has announced a two-phase tender for the design of the plant on its website.
The starting price of the design contract amounts to nearly 1.7 billion rubles ($26.6 million), Sputniknews reported.
The 1400-megawatt power plant which is set to consist of four units will be built in southern Iran in accordance with an agreement signed with Iran in November 2015.
The contract with Iran envisages the construction of four energy blocks - each with a capacity of 350 megawatts - and a seawater desalination plant with a capacity of 200,000 cubic meters of water per day.
The plant is estimated to cost about €1 billion ($1.12 billion) and will be constructed in the port city of Bandar Abbas in about five years.
Russia will provide a loan to support 85 percent of the costs of the project. The remaining investments will be provided by Iran, added the report.
Russian Environment Minister Sergei Donskoi said in mid-July that the country’s government has approved an export credit to Iran for the construction of the plant.
The project will be the first of a package of four thermal plant projects that Russia is expected to develop in Hormozgan Province. The two countries had previously been discussing the development of two more power plants in Tabriz, in northwestern Iran, and two others in Tabas, northeastern Iran. The costs for construction of the projects are estimated to stand at above $10 billion.