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U.S. Company Signs $1.175bn Iran Energy Deal
(AFP/Times of India) A U.S. company has signed a preliminary agreement to invest $1.175 billion in Iran, in a rare joint commercial project to turn rubbish and human waste into electricity. California-based World Eco Energy told AFP it plans to produce 250 megawatts daily by burning trash and by processing algae and salt and waste water into power. Iran will match the U.S. investment, the company said.