Siemens to Help Iran Modernize Energy Sector

"Siemens and MAPNA had signed a memorandum of understanding ""to jointly develop the roadmap for the extension and optimization of the overall Iranian power and electrification system,"" the company said. As part of that agreement, MAPNA would acquire technological know how to manufacture Siemens gas turbines in Iran and the parties would cooperate to deliver more than 20 gas turbines and associated generators over the next decade. ""As a first project under the license agreement, both companies signed a contract for the Bandar Abbas power plant for which Siemens will deliver two F-class gas turbines and generators. The first unit will be shipped to Iran shortly,"" the statement said."