Tehran, Iran, November 25
By Mehdi Sepahvand –- Trend:
The Thermal Power Plants Holding Company of Iran has banned the construction of power plants with yields below 58 percent.
The company has also set plans to improve the yield of the existing power plants to 58 percent, the company’s CEO Mohsen Tarztalab told Mehr news agency November 25.
According to Tarztalab, the existing power plants are going to be used in forming combined-cycle power plants.
A combined cycle is an assembly of heat engines that work in tandem from the same source of heat, converting it into mechanical energy, which in turn usually drives electrical generators.
Tarztalab said plans are in place to lure in foreign investment to build high-yield power plants in the cities of Bandar Abbas, Tabriz, Salafchegan, Khorramabad, Boinzahra, Hamedan, Umidieh, and Andimeshk with a total output of 5005 megawatts.
These new power plants will need some 2.56 million euros of foreign financing, he explained.
Iran needs 600 to 700 thousand worth of euro to generate one megawatt electricity in a combined-cycle plant.
Iran plans to invest $30 billion in the power sector, including generation and grid by 2021. Iran plans to add 26 GW to power generation capacity by 2021.
Currently, about 85 percent of Iran’s total power generation is thermal and this figure would remain unchanged in next five years.