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Iran funds dam completion

Iran has signed a contract with unnamed foreign financiers for US$300M to fund two half-finished dam schemes, according to Tehran radio. The schemes are the Ostur dam in Mianeh in East Azerbaijan province and the Molla Sadra dam in Fars province. The Ostur dam will have a storage capacity of 2B m3 and a 160MW hydro power station. The dam will be completed by an Iranian company working with Swiss and Austrian assistance.

Molla Sadra will store up to 400M m3 of water and generate 100MW. This dam will be completed by an Iranian company with Chinese assistance.

The Deputy Energy Minister, Rasul Zargar, said that the US$300M will be used to fund a water supply scheme in Kerman.