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Iran energy ministry needs $10.6 billion to complete projects

Oil&Gas Materials 24 September 2012 11:34
Iranian Energy Minister Majid Namjou has said that 130 trillion rials (some $10.6 billion) is needed to complete 270 semi-finished projects in the fields of dam and power plant building, water and wastewater treatment.
Iran energy ministry needs $10.6 billion to complete projects

Azerbaijan, Baku, Sep.23/ Trend F.Milad/

Iranian Energy Minister Majid Namjou has said that 130 trillion rials (some $10.6 billion) is needed to complete 270 semi-finished projects in the fields of dam and power plant building, water and wastewater treatment.

The energy ministry has put in a request to the government to be provided with the required budget, the Fars news agency quoted Namjou as saying.

On May 13, Iran started selling 7.5 trillion rials (around $600 million) in bonds to finance 15 power plant projects.

Deputy Energy Minister Mohammad Behzad said in April that the energy ministry will roll out power projects that will increase Iran's electricity generation capacity by 5 GW this calendar year, which began on March 20.

Iran's nominal electricity generation capacity stands at 63 around gigawatts (GW), ranking the country at the 15th place in the world, an official with Iran Power Generation Transmission and Distribution Management Company (TAVANIR) has said.

"Iran is the top electricity producer in the Middle East, as well," Abdorrasoul Pishahang added.

He noted that some 450 power stations are currently in operation across the country.

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