(MENAFN) China is carefully studying its near-future business stratifies and tactics with Iran, as it prepares itself to climb on board of a lucrative mutual business ride with the oil-rich nation.
Accordingly, China will extend a whopping USD200 million for the building of 13 power posts in the northern provinces of Mazandaran and Golestan, according to the latest reports.
According to the Managing director of Mazandaran and Golestan Regional Power Company, when finished, the project will deliver 200 KW to the power grid in the two provinces.
Furthermore, the local company also intends to spend USD22 million in credits from ECO Trade and Development Bank to implement power transmission schemes and projects.
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