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."
