Wednesday 8 December 2021

Iran plans $25bn energy spend

TEHRAN, November 15, 2015

Iran, which expects a 7 percent growth in energy consumption annually, has drawn up a package for an investment of $25 billion in the power sector, a report said.

"Iran's power industry is confronted with an average growth of 5 percent (in energy demands) each year which necessitates a minimum rise in power generation capacity by 5,000 MW each year," Arash Kordi, head of Iran Power Transmission, Generation and Distribution Company (Tavanir), was quoted in the Iran Daily report, which quoted Press TV.

"The package has been drawn up for investment to the tune of $25 billion by foreign companies in various sectors of electric power industry," Kordi said.

Iran's total power capacity stands at 74,000 megawatts and this has to be raised to 100,000 MW in the next few years, according to Energy Minister Hamid Chitchian, the report said.

Tags: Iran | Energy investment | power transmission |

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