Iran’s Energy Ministry signs $430M of water and wastewater projects
Baku, Azerbaijan, Sept. 19
By Fatih Karimov - Trend:
Iran's Energy Ministry has signed water and wastewater projects worth 15,000 billion rials (about $430 million) with state-run and private companies.
Iranian Energy Minister Hamid Chitchian said that 20 contracts have been signed so far and tenders will be held for signing 114 other contracts, Iran's IRNA news agency reported on September 19.
Some 45,000 billion rials (about $1.3 billion) of projects are being implemented, he added.
Numerous projects have been defined by the Energy Ministry, but the government is facing a shortage of financial resources to carry out the projects, he said.
Chitchian said in August that the ministry has drafted more than 800 national projects which are expected to take about 20 years to complete.
Iran has prepared water and electricity projects worth $50 billion for investment after the removal of sanctions, he added.
"We are going to give over many of the projects to the private sector in order to carry them out at lower costs and in a shorter time," he added.