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Four Project Agreements Signed in Iran 2016.05.03

On May 3, HEC signed agreements for four projects, including the “South Pars Gas Field Development Phase 12 extension Project” in Iran, signaling HEC’s official entry into the Iranian construction market. Those agreements covered four different projects: ▲ $3.54-billion South Pars Phase 12 Development; ▲ $500-million Zanjan Combined Cycle Power Plant; ▲ $300-million Soltaniyeh Combined Cycle Power Plant; and ▲ $400-million Bandar Abbas Combined Cycle Power Plant.