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Iranian engineers complete power plant project as Canadian contractors withdraw

Business Materials 29 June 2013 15:50 (UTC +04:00)

Azerbaijan, Baku, Jun.29/ Trend F.Karimov/
Iranian engineers have managed to complete and put into operation a power plant project, as the Canadian contractors did not meet their obligations, IRNA reported.

The second unit of the Lovark power plant came on stream after two years halt and was connected to the national power grid.

Iran has constructed twice as many power plants as the average number of power plants constructed around the world during the past decade, deputy energy minister Mohammad Behzad has said.

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

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