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Power plant construction in Iran doubles worldwide average - official

Business Materials 27 February 2013 14:46 (UTC +04:00)

Azerbaijan, Baku, Feb.27/ Trend F.Mehdi/

Iran has constructed power plants twice as many as the average number of power plants which have been constructed in the world during the past decade, the Mehr News Agency quoted deputy energy minister Mohammad Behzad as saying.

The power generation capacity in Iran has grown by 7 percent annually during the past 10 years, he said, adding that the figure has averaged 3.5 percent in the world.

The country's power generation capacity is currently at 68.38 gigawatts, he added.

On February 10, the Fars News Agency quoted Behzad as saying the value of Iran's electricity exports is projected to exceed $1 billion by the end of the current Iranian calendar year (March 20).

He added that since the beginning of the current Iranian calendar year, Iran has exported over 9.2 gigawatt hours of electricity to neighboring countries.

The amount shows a 33 percent increase in comparison to the same time period during the previous year, he noted.

The managing director of the Iran Power Generation Transmission and Distribution Management Company (TAVANIR), Homayoun Haeri, announced on December 15, 2012 that Iran currently trades 12.3 gigawatt hours of electricity with neighboring countries.

Iran plans to boost electricity cooperation with Persian Gulf states, he said.

Iran currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan (including Nakhchivan Autonomous Republic), Pakistan, Afghanistan, Syria, and Iraq.

Iran seeks to become a major regional exporter of electricity and has attracted more than $1.1 billion in investments for the construction of three new power plants.

The Energy Ministry plans to increase electricity generation capacity by 5GW this calendar year, which ends on March 20, 2013.

Iranian Energy Minister Majid Namjou had said previously that by the end of the Fifth Five-Year Economic Development Plan (March 2016), Iran will have boosted its electricity generation capacity by 25GW to reach 73GW.

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