3/20/2017
A Partnership Agreement Has Been Signed Between Unit International and SK Holding
Investor group SK Holding has acquired 30 percent shares of the energy corporation Unit International for $ 177 million…
A partnership agreement is signed on March 17, 2017 between SK Holding of South Korea and Unit International. The investor group SK Holding acquired 30 percent shares of the energy corporation Unit International for $ 177 million within the framework of the agreement. SK’s Engineering Unit Chairman of the Board Ahn Jae-Hyun and Unit International’s Chairman of the Board Ünal Aysal signed the agreement. As will be recalled, we most recently reported that an important stage would be reached to sign the final contract in mid March in procedures to construct seven natural gas combined cycle power plants in Iran by Unit International amounting to $ 4.2 billion. Iran’s Deputy Energy Minister Ali Riza Daemi had made the following statement: “Iran will have signed contracts worth $ 10 billion in the electricity sector following the nuclear agreement upon conclusion of the agreement with Unit International.” TEBA:1801/ January 30, 2017 Power plants amounting to 6200 MW are aimed to be constructed As will be recalled, it was stated in the disclosure made by Unit International on the matter that the total installed power of 7 natural gas combined cycle power plants to be built in 7 different regions of Iran will be 6200 MW and construction works were planned to be started in the first quarter of 2017. The disclosure also included the statement made by Unit International’s Chairman of the Board Ünal Aysal which was quoted as: “Iran will supply natural gas for a period of 20 years and will purchase our generated power for 6 years on an agreed tariff. The electricity which we will generate will either be exported or sold in the liberal market in Iran. Only Iranian nationals were entitled to make such investments in Iran with the state support until now. From this point of view, the agreement in question represents a first in terms of foreign capital investments.” TEBA:1769/ June 6, 2016 Aysal had also made the following statement: “We consider to give start to all investments upon concluding financing procedures in around March or April.” TEBA:1776/ August 1, 2016
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