News in Brief
Iran’s annual steel production tops 32m tons: ISPA
IRNA – Iran’s major steel companies produced 32 million tons of steel products in the previous Iranian year (March, 21, 2023 to March 19, 2024), showing a 5.5 percent hike compared to a year earlier.
This is the highest production volume in the steel history of the country, according to the Iranian Steel Producers Association (ISPA).
Earlier, the World Steel Association (WSA) reported that Iran registered the highest rate of crude steel production growth in January 2024.
China, India, Japan, the United States, Russia, South Korea, Turkey, Germany, Iran and Brazil were the 1st to 10th leading steel producers in the world in January 2024, respectively.
Iran to inaugurate major water project
in Sri Lanka
TASNIM – Iran will inaugurate the “Uma Oya” multipurpose project in Sri Lanka in the near future.
This significant project will be launched in the presence of the presidents of the two countries.
The Uma Oya multipurpose project is located in the southeast of Sri Lanka, 200 km away from Colombo and includes two dams namely Dyraaba and Puhulpola and two major hydroelectric power plants each with a capacity of 60 megawatts.
The ‘Uma Oya’ multipurpose project is regarded as one of the greatest technical and engineering service projects of Iranian companies in Sri Lanka.
The purpose of the project is to improve the irrigation of 5,000 hectares of agricultural land, transferring 145 million cubic meters of water and generating 290 GW/h of power in a year.
One of the important features of the Uma Oya project is its scattered and diverse components.