Foreign investors asked to bid for $30bn Iranian electricity projects

Iran’s Shazand Combined Cycle Power plant

Iranian electricity generation projects worth a total of $30bn are to be offered up to foreign investors, the country’s Energy Minister Hamid Chitchian announced this week,  as Tehran looks to add between 47,000 and 50,000 megawatts to its over generating capacity over the next 10 years. An increase on this scale is expected to require a total annual investment of  $5bn to cover transmission and distribution as well as generation, he predicted. “We have already entered into negotiations with foreign companies and some of them have showed interest to participate in the projects.”
Iran currently exports electricity to Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan and Iraq.

Source: iran-bn