Private sector to build power plant in Iran’s Kish Island
Azerbaijan, Baku, Oct.19/ Trend R.Zamanov/
The private sector plans to construct the second gas electric power plant in Iran's Kish Island, the managing director of Kish Free Zone Ali Asghar Mounesan said on Saturday.
The construction operation will begin by the end of the current Iranian calendar year (March 20, 2014), the IRIB News Agency quoted Ali Asghar Mounesan as saying.
Kish Island's electricity production capacity currently stands at 120 megawatt hours per day.
The figure is supposed to reach 170 megawatt hours by the end of the current Iranian calendar year.
The power generation capacity in Iran has grown by 7 per cent annually during the past 10 years. The figure has averaged 3.5 per cent in the world.
Iran currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan, Syria, and Iraq. In an effort to diversify its destination markets, Iran plans to export electricity to Europe and Africa.
Tehran 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 powerplants.
Based on the Fifth Five-Year Economic Development Plan, Iran should annually add 5,000 MW to its power generation capacity.
Iran plans to boost its electricity generation capacity to reach 73GW by the end of the Fifth Five-Year Economic Development Plan (March 2016).