Wärtsilä to develop power generation, LNG infrastructure in Iran

Wärtsilä of Finland signed a memorandum of understanding with Industrial Development & Renovation Organization of Iran to develop decentralized power generation in Iran.

According to Wärtsilä’s statement, the MoU includes the development of power plant operations and maintenance services as well as related LNG infrastructure.

Wärtsilä will provide relevant expertise and resources to support IDRO in its objective to improve the infrastructure and develop the Iranian industry. In a second

In the second phase, the cooperation will be extended to the marine sector and the Iranian shipping industry, Wärtsilä said.

IDRO, the largest industrial corporation in Iran, currently owns more than 120 subsidiaries and affiliated companies operating both domestically as well as internationally.

The country plans to investment more than one hundred billion USD in its oil and gas industry in the next 5 years. The nominal capacity of power generation in Iran is planned to grow by more than 25 gigawatts in the coming 5 years