TEHRAN- Energy companies from Turkey and Belgium have formed a consortium to collaborate for construction of five combined-cycle power plants in Iran, the Managing Director of Iran’s Thermal Power Plant Holding Mohsen Tarz-Talab announced on Saturday.

As IRNA quoted him saying, the intended plants with the capacity of 5,000 megawatts are at the value of $3 billion and would be the first projects running on foreign investments in this sector.

“Primary negotiations which led in signing the regarded agreement were conducted almost a year ago and the process was accelerated after the implementation of Iran’s nuclear deal with the six world powers in January,” he added.

Earlier in March, Belgium's Deputy Prime Minister and Foreign Affairs Minister Didier Reynders told Anadolu Agency that “with the lifting of the embargo on Iran, there will be many changes in the energy sector and we will see new investments in the country. Turkish and Belgian companies are already cooperating in a number of projects.”

HJ/MA