Business news from Ukraine

UKRAINE COULD CREATE FUND TO FINANCE PROJECTS WITH IRAN – UKRAINIAN ENERGY MINISTER

4 August , 2016  

KYIV. Aug 4 (Interfax-Ukraine) – The Ukrainian government is studying the creation of a special fund aimed at financing Ukrainian-Iranian projects, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk said at a meeting with Iranian Energy Minister Hamid Chitchian in Tehran.

The Energy and coal Industry Ministry reported after the meeting on Tuesday that the parties discussed participation of Ukrainian state-run enterprises in building thermal power plants (TPPs) and modernization of power lines in Iran.

Nasalyk said that Ukrainian enterprises have experience in designing, building, maintaining and upgrading power plants, including Iran’s Ramin and Isfahan TPPs.

Chitchian invited Ukraine to participate in state-funded programs of Iran on development of energy infrastructure. He assured the Ukrainian minister that joint Ukrainian-Iranian ventures would receive financial and technical support from the Iranian government.