China Water Company signs engineering, procurement, construction and financing (EPCF) deal agreeing to build two dams in Badowli and Showt.
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Summary
Funding agency [Type]
China Water Company [State-owned Company]
Recipient
Iran
Sector
Water supply and sanitation (Code: 140)
Flow type
Vague TBD
Infrastructure
Yes
Category
Project lifecycle
Description
In August 2018, a Memorandum of Understanding was signed by Maku Free Zone, China Water Company and Azarab Oil and Gas Company to build two dams in Badowli and Showt (West Azarbaijan Province). China Water Company reportedly also signed a engineering, procurement, construction and financing (EPCF) deal agreeing to build the two dams and to provide 85% of the funds required. The Iranian Ministry of Energy has reportedly approved the project; however, no formal financing agreements appear to have been signed nor does construction appear to have begun. "The feasibility studies of the initiative took 17 years," Einollah Sharifpour, a lawmaker from the province, said, adding that financial constraints delayed the development of the dams for a long time.
Number of official sources
0
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Iran [Government Agency]
Implementing agencies [Type]
China Water Company [State-owned Company]