Page 48 - bne IntelliNews Country Report: Iran Dec17

the South African operator. Turkcell’s lawsuit against MTN, pursuing damages resulting from alleged bribery conducted by MTN during the tender process for Iran's first private GSM licence, was accepted by the South Gauteng High Court in Johannesburg, Turkcell's lawyer in South Africa, Eric van den Berg, told Reuters on June 1. The trial could be held towards the end of 2018, according to van den Berg.
9.2.5 Retail corporate news
Afsaneh Mehrabi, director general of Iran’s Textile and Clothing Department at the Ministry of Industries, Mining and Trade, said that following lengthy discussions LC Waikiki would be using Iranian production workshops to support local garment makers. “Most of the clothing ordered by LC Waikiki is produced [in Iran] for export purposes and only a small share has been considered for distribution in domestic stores,” Mehrabi said. According to her, Iranian denim maker Ronak Jeans has signed up to a LC Waikiki local production partnership in a deal estimated as worth €20mn. As part of the deal, a significant proportion of the jeans produced by Ronak will be exported from Iran to other LC Waikiki markets, including Turkey. Mehrabi added that some 5,000 jobs would be created by the firm if the project moved ahead. LC Waikiki trades in 821 stores across 36 countries, offering a wide range of clothing for men, women, and children.
9.2.6 Renewable energy corporate news
Global Green Energy, a British company which specialises in building waste-to-energy (WtE) plants, has started a project in Iran's Zanjan province, Islamic Republic News Agency reported on October 9. British medium-sized firms have begun to enter the Iranian market following in the footsteps of European counterparts, but the British government has as yet been low-key in publicising projects, fearing a backlash from hardliners in Iran who distrust the British. “With the arrival of the British company, Zanjan province’s problem in the field of urban waste will be solved,” provincial governor Asadollah Darvish-Amiri told local press. He added that with the launching of the recycling factory there is not only an effective role in the management of waste to be played but a role in a push to find a more long-term solution to the region's burden of refuse. The governor further noted that the project will generate some IRR4tn ($100mn) in revenue in the foreseeable future. The UK firm will work on a build-operate-transfer contract, under an agreement with the Zanjan Governorate and Iran’s Renewable Energy Organisation. Darvish-Amiri did not state how much the British company will be investing in the region.
Earlier in March, a Czech company announced it would be building a WtE power plant in the northern Gilan region. Waste-to-energy plants, also known as incineration plants, are dedicated to the thermal treatment of waste with or without recovery of the combustion heat generated. The heat from the combustion process can be used to generate superheated steam in boilers. The steam is in turn used to drive turbo-generators to produce electricity.
Until 2014, all rubbish in Iran was historically dumped in landfill sites on the outskirts of cities, with some 20mn tonnes of waste produced by households annually. Iran is looking to push the country’s energy sector to produce 5,000MW of electricity from renewable sources within the next five years.
48 IRAN Country Report November 2017 www.intellinews.com