German industrial group Siemens recently signed an energy agreement with Iranian power and infrastructure group Mapna extending its early re-entry, after the lifting of sanctions.
Mapna will acquire the technology to manufacture Siemens F-class gas turbines in Iran and the two parties will cooperate to deliver more than 20 gas turbines and associated generators over the next decade. As a first, Siemens will deliver two F-class gas turbines and generators for a power plant in the southern port of Bandar Abbas, with the first unit due to be shipped shortly.
Siemens Chief Executive Joe Kaeser, who witnessed the signing during a visit of Iranian Energy Minister Hamid Chitchian in Berlin visited Iran recently, said Siemens wanted to pick up where it left off in Iran, where it had been present since 1868 but stopped doing new business in 2010.
Siemens signed a memorandum of understanding to work on Iran’s rail infrastructure worth up to 1.5 billion euros ($1.6 billion) in January this year. Siemens also signed a memorandum of understanding to jointly develop a roadmap with Mapna to expand and improve Iran’s overall power and electricity system.
