BAKU, Azerbaijan, Jan. 4
By Elnur Baghishov - Trend:
The Iranian government may pay off the debts to the private companies by bartering crude oil for electricity in case of private companies’ interest, Mohammad Hassan Motevalizadeh, managing director of the Iran's Power Generation, Distribution and Transmission Company (Tavanir), said.
“This is envisaged in the state budget for the next year (from March 21, 2020 through March 21, 2021),” Motevalizadeh added, Trend reports referring to Mizan news agency.
“If the private companies can use this opportunity, Tavanir company will hold the necessary consultations,” the managing director said. “The government will pay off some debts to the private companies by using various ways, including barter of oil.”
In accordance with the statistics of the Iranian Ministry of Energy, there are 123 blocks of thermal power plants; 42 of them are state-owned, 60 belong to the private sector and 21are in upstream industry.
The Iranian government intends to use various ways to pay off the debts to the private companies.