Belgian-Turkish company to build 5,000MW power plants in Iran

Business Materials 3 July 2016 13:30 (UTC +04:00)

Tehran, Iran, July 3

By Mehdi Sepahvand – Trend:

A Belgian-Turkish company will build a number of 5,000MW power plants in Iran, and the number of plants is to be finalized in about two weeks, according to Deputy Minister of Energy Hushang Falahatian.

The power plants will be built in different places such as East Azarbaijan, Sistan-Baluchestan, Khuzestan, and Saveh, he told Fars news agency July 1.

Falahatian also added that the plants will be built with a fund of $3 billion.

“The power plants will met Class F standards, giving efficiency of over 58 percent, which we lack in our country. So the entire investment will be made by foreigners and the price of the power will be less than that produced domestically,” he said.

Iran has signed an investment agreement with a group of foreign companies for developing its energy sector, an Iranian government official said June 7.

Government spokesman Mohammad Bagher Nobakht said then that Iran signed a new contract with a group of foreign companies to attract $4.2 billion worth of direct investments for building power plants in the country.

Nobakht said the contract envisages building several power plants with a total capacity of 5,000 megawatts (MW).

The power plants are projected to be built in the cities of Ahvaz, Dehloran, Zahedan, Saveh, Sufian and Bonab.

Iran's power generation capacity currently stands at around 74,000 MW, of that some 12,000 MW account for hydroelectric power plants, 1,000 MW for a nuclear power plant and the remaining for thermal power plants.