Iran has signed an agreement with Kazakhstan towards building a 50MW wind power plant in the west of Kazakhstan, near the country’s Caspian Sea shores, Trade Arabia reported. The deal was sealed between Iran’s Power and Water Equipment & Services Export Company (SUNIR) and Eurasia Invest Group, in Tehran.

The Kazakh government will finance the $110m project, SUNIR’s first major so far this year, which is due to complete in 18 months, Mehr News wrote.

Last month, Iran and Kazakhstan reached agreement on a number of economic projects, one of which was the set up of a joint shipping company that aims at boosting bilateral trade via the Iranian port of Bandar Anzali and Kazakh port of Aktau, both on the Caspian Sea. They also discussed a railroad that links Iran with Kazakhstan in efforts to increase railroad transport volume.