Heris, East Azerbaijan Province

The construction phase of HERIS ORUMIA Combined Cycle Power Plant began from March21, 2015 with the aim of providing required electricity energy of region and transiting it to foreign countries. The area for this factory is 700000 cubic meters. Required time for the first phase of construction of 968Mw HARIS power plant with the capacity of 493megawatt, planning, facilities providing, construction work, installation and implementation will be 36 months. Still there is not any decision about the second phase. Total cost of investment in the first phase was 285 million euro and the equity of shareholders was 318500 million RIALS. Recommended currency facilities will be 80% and more than 250milliom euro. Banned letter of these mentioned facilities were received from national development fund but till the time of prospectus presentation, anything has not received.