TEHRAN- Bahman Salehi, the CEO of Iran Power and Water Equipment and Services Export Company known as SUNIR, announced that his company plans to build a wind power plant as well as two thermal power plants in Kazakhstan in 18 months, IRNA news agency reported on Sunday.

“We penned a contract, at the value of $600 million, with the Kazakh Eurasia Invest Group, in this regard,” Salahi said on the sidelines of Iran-Kazakhstan Business Council meeting in Tehran.

According to him, the Iranian company aims to expand its cooperation with Kazakhs in various sectors including water and wastewater, construction of gas pipelines, development of roads and also in mining sector.

Kazakhstan has expressed high incentives to expand trade ties with Iran and vowed to provide Iranian traders with any permit they need to start business in Kazakhstan.

Last February, Asset Issekeshev, the Minister of Investments and Development of Kazakhstan, heading a 260-member delegation of traders, participated in the Kazakh-Iranian Business Forum in Tehran.

Addressing the conference, Issekeshev noted that 900 Iranian companies are currently active in different fields, mostly in chemical industries, in Kazakhstan.

HJ/MA