MYKOLAIV, AUGUST, 27th, 2009, CONTEXT-PRICHERNOMORIE — GE Zorya-Mashproekt of Mykolaiv has started executing the terms of a long-term contact with Iran Power Plant Project Management on supplies of power equipment to Iran, Context-Prichernomorie correspondent reports.

The agency was informed about it today 27 August at the press-service of the company.

Within the framework of the contract the first lot of equipment has been supplied to Iran. The contract of GE Zorya-Mashproekt with Iran Power Plant Project Management provides supplies of 58 turbo-compressors, evaluated 172,5 million EUR.

In addition to the stated contract GE Zorya-Mashproekt signed a frame agreement with Iran Power Plant Project Management providing supplies of 42 turbo-generators 25 megawatt each.

The company has already started ordering the materials.