China to Build $2 Billion Iran Dam, Power Plant, Press TV Says

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Iranian and Chinese officials will sign a $2 billion agreement for the construction of a dam and a power plant in Iran’s western province of Lorestan, Press TV reported.

The agreement will be signed between Sinohydro Corp., China’s largest water projects developer, and Iran’s Farab, the state-run news channel said, citing Mohammad Reza Rezazadeh, the managing director of Iran’s Water and Power Resources Development Co.