China to finance Iran’s incinerator plant projects

Baku, Azerbaijan, Dec. 6

By Umid Niayesh - Trend:

Iranian and Chinese investors have agreed on establishing incinerator power plant projects which enable the Islamic Republic to produce electricity from garbage, Yousef Armoudeli, managing director of Renewable Energies Organization of Iran said.

Armoudeli said that according to the newly signed agreement China will finance 40 percent of Iran's incinerator plants, the country's Mehr news agency reported Dec. 6.

He also said that Iran's first incinerator plant will come on stream till March 2015.

The plant with capacity of producing 3 megawatts of electricity will be inaugurated in Tehran, Armoudeli said, adding the system daily will incinerate 200 metric tons of garbage.

He said that another incinerator plant is planed to be established in northern Rasht city which will produce 5-6 megawatts of electricity through burning 500 metric tons of garbage per day.

The design process of the power plant is going on currently, Armoudeli said.

Alongside with Rasht similar systems will be established in northern Sari (3 megawatts) and Noshahr(3 megawatts) cities, he added.

While commenting on goals of construction of the new systems in the country, Armoudeli said that the of garbage incineration plants along with the producing electricity helps elimination of the waste and protects environment.

Iran's energy ministry has announced that will pay 4,400 rials (about 16 cents based on official rate of 26,936 rials per each USD) per each kilowatt hour of electricity produced in garbage incineration power plants.

Iran's total renewable energy production capacity stands at 200 megawatt. It is while according to energy minister, Hamid Chitchian, wind energy accounts for 100 megawatt of the mentioned figure.

Armoudeli said in October that Iran plans to produce 5,000 megawatts of electricity in the next five years using renewable energy sources.

Iran's power generation capacity is currently over 71 gigawatts.

The volume of Chinese investments in Iranian projects has increased from $23 billion to over $50 billion.

Earlier, Iranian Deputy Energy Minister Esmaeil Mahsouli said the Chinese funds will be used to implement industrial, development, and economic projects in the oil, gas, petrochemicals, water, and electricity sectors.

Some $1.5-$2 billion will be invested in water and electricity projects, he noted.

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