Iranian bank to invest in Syria’s €400-million power project
Azerbaijan, Baku, Feb. 17/ Trend F.Milad/
The Iranian Export Development Bank will secure 25 percent of a €400-million project to build a power plant in Syria, the director of the Iranian Power Plant Projects Management Company (MAPNA) announced on Friday.
Abbas Aliabadi told Mehr that Iran plans to build a power plant in Algeria, as well.
Iran is participating in building seven large power plants in different countries, he added.
Earlier this month, he said the country is building power plants in Syria, Oman, Iraq, and Tajikistan.
By the end of the fifth five-year economic development plan in 2015, Iran will boost its electricity generation capacity by 25 gigawatts
(GW) to 73GW, Energy Minister Majid Namjou said on Feb. 7.
The country's installed power generation capacity is about 64GW, he added.
Deputy Energy mMinister Mohammad Behzad said the country's electricity exports would amount to $1 billion by the end of the current calendar year (March 19, 2012).
Iran exchanges electricity with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan and Iraq.