21 Feb 2024
Thursday 30 April 2015 - 21:58
Story Code : 163002

Iran: Investors can export 50% of power

Private investors can export 50% of the electricity which they generate at border plants, head of Irans national power grid has said.

The Energy Ministry permitsinvestors to discuss on their own the terms of electricity exports and transmission to Irans neighbors, said managing director of Tavanir, Arash Kordi.

Tavanir stands for Irans Power Generation Transmission and Distribution Management Company.

Kordi said the government supports private investors for power generation and exports.

Iran is the biggestgenerator of electricity in the Middle East where it produced 277 billion kilowatt hours (kWh) of power last year, the official said.

Iran mainly operates hydroelectric, gas and combined cycle power plants but itplugged its first nuclear power plant into the national grid in September 2011.

[caption id="" align="alignnone" width="555"] Iran plugged its first nuclear power plant in Bushehr into the national grid in September 2011.[/caption]

The 1,000-megawatt plant is currently operating at 40% capacity. It is part of Irans plans to produce 20,000 megawatts of nuclear power.

Iran is counting on its large diaspora of expatriates for investment, with the government lining up a series of incentives to attract them.

The government is planning to absorb $30 billion of Iranian expat capital for implementation of economic projects and investment across the country, Deputy Labor Minister Abolhassan Firouzabadi has said.

By Press TV
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