How Turkish energy giant's plans to light up Iran could boost Rouhani

The Belgium-based Turkish energy firm Unit International’s announcement that it will build seven natural gas-powered electricity production plants worth $4.2 billion in Iran could bring major benefits for the two countries.
A general view of Ambarli gas-fired power station in Istanbul January 8, 2009. Production at three Turkish power stations has been halted as a Russia-Ukraine gas row had led to a shortage of gas supplies to Turkey, an Energy Ministry source told Reuters on Thursday, but this would not create a power supply problem, he said. On Tuesday Russian gas supplies coming via Ukraine to Turkey were completely cut, although some supplies are still coming via a pipeline which passes directly from Russia under the Black
A general view of Ambarli gas-fired power station in Istanbul, Jan. 8, 2009. - REUTERS/Osman Orsal
Kayaoglu_Barin_03.jpg
Barin Kayaoglu
@barinkayaoglu

The Belgium-based Turkish global energy firm Unit International has reached an agreement with the Iranian Energy Ministry to build seven natural gas-powered combined-cycle power plants worth $4.2 billion in Iran.

While the seven power installations will certainly help improve Turkish-Iranian commercial and economic relations, Unit International is no stranger to energy markets in Iran and elsewhere. Since 1982, the company has built five power plants in Iran with a total output of 3,200 megawatts, four in Turkey and two in Europe.

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