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Japan to fund Iranian hydro plant

Japan has agreed to provide 7.5B yen (US$0.07B) as the final payment to help complete a hydro dam on Iran’s Karun river. The Godar Landar dam in the province of Khuzestan will produce 2000MW of electricity upon completion. Japan advanced Iran 38.6B yen in 1993 as the first installment of a loan originally set at a total of 150Byen (US$1.4B). After the 1993 payment, Japan did not make any further payments due to the economic sanctions imposed on Iran.