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Siemens to sell gas turbine-making technology to Iran

Business Materials 1 March 2016 17:40 (UTC +04:00)

Tehran, Iran, March 1

By Mehdi Sepahvand - Trend:

Iran and Germany are going to sign energy agreements during an upcoming visit to Germany by Iranian Energy Minister Hamid Chitchian.

On the sidelines of the visit, Germany's Siemens and Iran's MAPNA Group will sign a deal on transferring the technology for making Class F gas turbines to Iran, ISNA news agency reported March 1.

MAPNA Group is an Iranian enterprise which operates in the area of construction and development of thermal power plants.

Iran is making attempts to improve the output of its power plants beyond the current 40 percent.

Hamid Reza Sajadi, the head of the Sirri Power Plant, said that a number of Siemens experts are expected to visit the oil-rich Sirri Island in the coming days to discuss modernizing a number of turbines of the plant, Fars news agency reported Feb. 15.

Iran's primary energy consumption reached 4.428 million barrels of oil equivalent per day during the last fiscal year that ended on March 20, 2015.

Iran trades electricity with neighboring countries while Turkey, while Iraq buys about 90 percent of Iran's exported electricity.

According to the latest annual report Iran's capacity of producing renewable energy stands at 232 megawatts, 0.31 percent of the country's total power generation capacity.

Iranians consumed about 219 billion kilowatt hour of power between March 2014 and March 2015.

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