Iran bank to fund Iraq energy project

TEHRAN August 9 (Shana)–Iran’s Exports Development Bank (IEDB) is to finance a project for energy transit to neighboring Iraq.

 The project, which involves construction of 400-kilovolt electricity line, is estimated to cost 37 million dollars plus IRR 471 billion.

The electricity transmission line would be 189 kilometers long, stretching from Bisotoun to Eslamabad Gharb before crossing Khosravi border post.

The project envisages two line feeders and two power plant feeders as well as a 315-megavolt/ampere transformer and a 50-megawatt reactor.



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