Nevertheless, the energy ministry proposes to grant a concession to build a 1,500MW fossil-fuel power station near the border.
One of his most momentous acts was to grant a concession to a French company in 1856 for the construction of the Suez Canal.
This cottage, once known as the Spa, was erected in 1868 by a firm granted a concession to dispense minteral waters of all sorts "in the healthful surroundings of the Park".
The first attempt to build a canal across the Isthmus of Panama began in 1881 after the Colombian government granted a concession to the privately owned Compagnie Universelle du Canal Interocéanique.
A subsequent agreement between Iran and Al-Shāriqah promised that both flags would fly over the island, settled the question of possible future oil discoveries in the area (where Al-Shāriqah had granted a concession), and provided for an Iranian subsidy to Al-Shāriqah Al-Shāriqah
The banks were also granted a concession: the high street operations will be able to pay dividends back to the investment banking arm, a move the industry had feared would not be allowed and would have reduced the economic rationale for keeping both sides of the business.
In BOT approach, the private sector is granted a concession to plan, design, construct, operate and maintain a project in a certain period of time and after that it should be transferred to the government.
Last June, the Nicaraguan government granted a concession to HKND Group in Hong Kong to develop the $40 billion project, which would compete with the Panama Canal for a share of the booming shipping industry.
Granting a concession to company "is not just cutting the forests from place to place; there are measures put in place to ensure the forests are not eliminated," he told the BBC.
