Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Iran, Turkiye ink contract to connect power grids

The agreement will create an opportunity to exchange Iran's power with Turkiye and some European countries. AFP/Representational pictures
  • The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company
  • The contract signed by Iran’s Mehdi Moghimzadeh and Turkiye's Orhan Kaldirim clears the decks for connection of the 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkiye)

Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim Raisi to Turkiye.

The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company (TEIAS)., mehrnews reported.

The contract signed by Iran’s Mehdi Moghimzadeh and Turkiye’s Orhan Kaldirim clears the decks for connection of the 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkiye).

Moghimzadeh said that the operation requires state-of-the-art equipment and is also Iran’s first experience in cross-border grid connection via HVDC infrastructure.

The pilot operation of the BtB HVDC was successfully carried out last year, the Iranian manager said, adding that the new agreement paves the way for the actual operation, which can create an opportunity to exchange power with Turkiye and some European countries.