Iran’s Mazandran and Golestan Regional Electric Company has invited companies to prequalify for a contract to provide and install electricity transmission lines and substations as part of a wider transmission and distribution expansion scheme.

The work will involve providing and installing three 63kV transmission lines and three 63kV substations at locations in Sari, Tonekabon and Amol.

The project is open to local/foreign joint venture companies, with a 51 per cent local partner share.

Contractors have until end of August to submit prequalification entries.

The project will be funded by the ECO Trade & Development Bank, the Turkey-based multilateral development bank established by Iran, Pakistan and Turkey.

Iran’s power sector is set to receive significant investment as international sanctions are gradually removed following the signing of an agreement with the West on its nuclear programme.

MEED recently reported that Italy’s Fata, the engineering division of Finmeccanica, had been awarded a $548m contract to build an 800MW combined-cycle power plant in Bandar Abbas. This is the first contract placed with an Italian company in Iran since sanctions against the Islamic Republic were intensfied in 2011.

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