Tehran,Iran, Oct.9
Trend:
The foreign exchange rate fluctuations and its effect on renewable energy plans is under consideration, Iranian Energy Minister Reza Ardakanian told reporters on the sidelines of the International Exhibition of Renewable Energy in Tehran.
Referring to the fact that the current installed capacity of renewable equipment in the country is up to 650 megawatts, he said that given that several contracts are in progress, Iran expects that by the summer of 2019, about 500 megawatts of more capacity will become available.
"There are some problems due to currency exchange rate, and we are expecting investors to step up their investments in this segment,” he said.
"Iran has provided this opportunity and we've given out instructions to various private sector investors,” he said and added that now Iran can make the approved contracts for the export of electricity to neighboring countries.
Referring to other measures taken to address the private sector's concerns, Ardakanian said the ministry has determined the conditions for the export of renewable and clean non-governmental electricity abroad.
“In this regard, Energy Efficiency & Renewable Energy Organization will issue the required license to develop renewable electricity plants within one week for electricity exporters,” he said.