The finances
will be used for purchasing the required equipment as well as engineering
services for developing the project.
This is
the first phase of financing for the project after it was officially defined 11
years ago.
The
financing entails a letter of credit valued at €156.7 million, said Mohammad Reza
Modiri, managing director of the plant.
He further
said that 80 percent of the amount would be supplied by the NDFI with Bank
Melli Iran as the operating bank and the other 20 percent (31.3 million Euros) would
be supplied from the company’s resources.