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  • 06-09-21

    Iran to fund construction of 10,500 megawatts capacity of new power plants

    (MENAFN) According to Deputy Industry, Mining, and Trade Minister Saeed Zarandi, Major Iranian industrial firms will finance the construction of 10,500 megawatts (MW) capacity of new power plants to meet their own electricity requirements.

    IRNA quoted Zarandi as saying that the Energy Ministry has so far issued allowances for 13 such companies to trail building power plants.

    “challenges in electricity supply over the past three months have severely hampered the country's industrial and mining production plants and we are already worried about supplying power to such units in the winter,” the official further declared.

    “It is predicted that we will have a shortage of at least 5,000 MW of electricity to reach the goal of producing 55 million tons of steel by the Iranian calendar year 1404 (starts in March 2025).”

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