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  Japan Lends Iran $69m for Power Project
  Follow > Click here to add Japan Bank as an alertClick here to remove the Japan Bank alertDisable alert for Japan Bank, Click here to add Mohammed Khatami as an alertClick here to remove the Mohammed Khatami alertDisable alert for Mohammed Khatami, Click here to add Power Resources Development Co. as an alertClick here to remove the Power Resources Development Co. alertDisable alert for Power Resources Developmen ..., Click here to add Tokyo as an alertClick here to remove the Tokyo alertDisable alert for Tokyo Japan said Thursday it was extending a 69-million-dollar-loan to help complete an Iranian power project, ahead of next week's visit to Tokyo by Iranian President Mohammed Khatami. The state-run Japan Bank for International Cooperation said it would lend 7.49 billion yen (69 million dollars) for the Masjid-e Soleiman hydroelectric power project in southwest Iran. The project, run by the Iran Water and Power Resources Development Co., involves the construction of a rock-fill dam and a 2,000-megawatt underground power plant in Iran's Karoon river basin. The official Japanese bank lent 38.6 billion-yen for the first phase of the ambitious project in June 1993, and it said in a statement that the new loan aimed to help finance the remaining work. The announcement comes just before Khatami arrives on Tuesday to pay the first official visit to Japan by a top Iranian leader in 42 years. He will hold talks with Prime Minister Yoshiro Mori during his four-day visit. Mori is expected to lend support to the Iranian leader's reform efforts, and he also wants to help improve relations between Iran and its arch-foe the United States, according to Japan's foreign ministry – TOKYO (AFP) © 2000 Al Bawaba (www.albawaba.com)
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