Iran will soon sign a $3 billion investment deal with private companies in Turkey for the construction of a 5,000 megawatt power plant, Hurriyet reported.

“In the coming days we will sign an investment deal with Turkish private sector companies for the construction of a 5,000 megawatt power plant in Iran. The size of this deal is $3 billion,” Iran’s deputy energy minister Husheng Felahetiyan reportedly told the Turkish newspaper.

The Turkish energy sector has shown strong interest in Iran after the lifting of most international sanctions on Tehran, Felahetiyan added.

“We have other agreements with Turks but they have not been finalised and talks are continuing,” he told Hurriyet during an energy conference in Tehran.

He also added that Iranian power trade with Turkey would also increase.