MOSCOW (Dispatches) -- Moscow is set to allocate a $1 billion loan to Tehran for the construction of a power plant in Iran’s southern Hormuzgan province, says Russian Minister of Energy Alexander Novak.
"A draft agreement on two credit extensions has been prepared. The total amount is 2.2 billion euros with one billion euros for construction of a power plant in Iran," Novak said after a meeting with Iranian Minister of Communications and Information Technology Mahmoud Vaezi in Moscow.