The Iranian government has signed an agreement worth $6 b with an unnamed European company to invest in Iran’s power sector, reported the Tehran Times.

Government spokesman Mohammad Baqer Nobakht made the announcement in a press conference on Tuesday.

According to Press TV the deal is to add 4,250 megawatts of power capacity in the country.

The agreement between Iran’s Ministry of Energy and the foreign firm envisages developing gas-powered plants for 3,250 MW and wind farms for 1,000 MW of electricity, Nobakht said.

“This big investment will be made in the current year (ending on March 20, 2016) under the existing political conditions where the Joint Comprehensive Plan of Action and the lifting of sanctions has not started yet,” he added.

It is widely believed that the company in question is Belgian UNIT International SA, which is already involved in gas-fired power plants construction in Iran.