JICA to fund power plants rehabilitation project in Iran

Japan International Cooperation Agency (JICA) is to fund the rehabilitation project of Iranian thermal power plants. Hamidreza Azimi, the deputy for planning affairs at Iran's Thermal Power Plants Holding Company, said: "JICA facilities will be provided with an interest rate of less than 2% and the repayment due will be six years after the allocation of facilities for 20 years."