The firm signed a contract, worth the 205-million-euro (800 billion rials), with Iran Power Development Organization on Sunday, Hashem Nezamabadi stated.

Azarab managed to win the tender in which over 20 foreign and domestic companies took part.

The company will add two more thermal power plants with a capacity of 650 megawatts to the complex in four years, he said, according to a fax sent to Iran Daily.

In addition to the company, two of its subsidiaries: Azarab Energy Industries Development, Global Energy Company as well as Bolandpayeh Company will be involved in the project.

According to the official, the company is to supply 75 percent of equipment needed for the project while only power equipment and precision tools will be imported from Italy.

The company is expected to begin implementing the project in late October.

A major industrial unit, Azarab Company has been involved in dam-building, petrochemical, oil and gas, cement and power plant projects at home and abroad.

PIN/IRANDAILY