As reported by the Department of Public Relations, Organization for Investment, Economic and technical Assistance of Iran, Taherfar continued by saying: the contract has been concluded with MAPNA, in the form of return key, and Abadan combined cycle power plant is on of the power plants of the project.
Based on our correspondence, he stipulated: The overall progress of this project is 40 percent while progress related to loan facilities given by IDB exceeds 60 percent.
Taherfar pointed out that Abadan combined cycle project is among the most successful loan-based projects, an issue which is also stressed and agreed by the representatives and experts of IDB.
He concluded by expressing hope that, with regard to measures taken, it complete ahead of the schedule, that is 2011.
Based on the report, it is predicted that implementation of this project, will bring about an increase in the capacity of power generation, prepare the ground for job creation in the region, employ and utilize the maximum engineering capabilities of the country and improve technical know- how in the construction of combined cycle power plants.
It should be noted that the Office for Supervision over the Loans is among the bureaus of the Organization for Investment, economic and Technical Assistance of Iran, and is in charge of supervision, examination and studying the foreign loan or credit contracts and agreements, which are received for the developmental projects, either profit or non profit, in order to assure the employment of the best implementation methods. Managing repayment of thereceived facilities also falls in the competence of this office.