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Wärtsilä and IDRO sign MoU

Published by , Senior Editor
LNG Industry,

Wärtsilä and Industrial Development & Renovation Organization of Iran (IDRO) have signed a memorandum of understanding (MoU) to cooperate on the development of decentralised power generation in Iran. This will include power plant operations and maintenance services and related LNG infrastructure.

Wärtsilä said that it will provide its expertise and resources to support IDRO in its objective to improve the infrastructure and develop the Iranian industry. In a second phase, this cooperation will be extended to the marine sector and the Iranian shipping industry.

Iran reportedly plans to investment more than US$100 billion in its oil and gas industry in the next 5 years, with the country’s nominal power generation capacity expected to grow by more than 25 GW during that period.

Javier Cavada, President of Wärtsilä Energy Solutions, said: "With this agreement, Wärtsilä is showing its commitment to support the development of the Iranian industry and power generation sector, on the basis of a mutually beneficial relationship."

Fardad Daliri, Executive Vice President for IDRO Industrial Investment Development, added: "Wärtsilä's proven capability to deliver high quality, efficient, and flexible power solutions will support the ambitious development program of Iranian industry. IDRO will play a key role in expanding industrial know-how and localising related competences."

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