Azerbaijan, Baku, Nov.2/ Trend F.Milad/
Chinese companies will finance 10 Iranian Combined Cycle Power and wind power plants, Deputy Iranian Energy Minister Mohammad Behzad said on Friday, the ISNA News Agency reported.
The Tehran Times reported in July that a Chinese company has invested $500 million in building a coal-fired power plant in Tabas, central Iran.
The plant will have a generating capacity of 650 megawatts, Tehran Times quoted Mohammad Behzad as saying. He put the total budget required for the project at around seven trillion rials (some $570 million).
According to Behzad the project is scheduled to be completed within 74 months, adding that the administration has prepared plans to establish coal fired plants with a total capacity of 5000 megawatts.
Iran currently has the capacity to annually export 10,000 megawatt hours to neighbouring countries. It's predicted that Iran's power exports will increase by 40 per cent this year compared to the previous one.
The country has exported one billion dollars' worth of electricity since the beginning of the current Iranian calendar year, Behzad said in October.
Iran has totally exported five billion kilowatt hours of electricity to neighbouring countries in the first half of the current year, the IRNA News Agency quoted Mohammad Behzad as saying.