21 Feb 2024
Thursday 28 August 2014 - 13:58
Story Code : 113816

Energy ministry welcomes investment in renewable energies

TEHRAN August 27 (Shana)--Irans Energy Ministry welcomes investment in renewable energies, the head of the Renewable Energies Organization of Iran said.
Given the existing capacities in the country, there is a good potential for generating renewable energies and taking into consideration the potentials of the private sector, Energy Ministry welcomes investment [in this sector], Yousef Armodeli said.

He added that the use of renewable energies will pick up speed if a comprehensive plan is adopted with the cooperation of Petroleum Ministry.

He said that power plants operating with renewable sources of energy could replace fossil-fuelled power plants.

The private sector can be a good administrator for boosting the share of renewable energies in the country and the private sector will benefit from advantages due to good rate of return on investment, said Armodeli.



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