Iran’s MAPNA Group and Germany’s Siemens AG chief executive officers signed a technology transfer agreement on Wednesday, March 02, 2016 that paves the way for manufacturing of F-class turbines by the Iranian company.
The agreement was made official today in Berlin in a ceremony attended by Iran’s Minister of Power Hamid Chitchian and Germany’s Vice Chancellor and Minister of Economic Affairs and Energy Sigmar Gabriel.
The five-year agreement transfer technology to MAPNA in order to manufacture Siemens’ SGT5-4000F turbine.
Considered one of the best in its class, SGT5-4000F has a generation capacity of 307 MW and an efficiency rate of 40.1 percent. Used in a combined cycle power plant, it can help to achieve an efficiency rate of 59 percent.
The agreement was sealed after months of negotiations between MAPNA and Siemens. The two companies have been close partners in several industrial sectors including power and rail transportation.
Siemens chief Joe Kaeser visited MAPNA late February this year in what was the first visit by a CEO of the company to Iran.
