Russia and Iran have begun the construction of a 1.4-gigawatt (GW) coal-fired power plant in Bandar Abbas in southern Iran, according to Iran Daily, citing Sputnik. The Russian company Technopromexport and an Iranian holding company signed an agreement on the construction of a thermal power plant in Iran with $1.27 billion funded by Russia. The Russians will also improve the efficiency at the Ramin power plant in the Khuzestan Province to 50%-55% from the current 36%, a government official said.