Iran lines up $25 billion energy investment

Nov 15, 2015

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Iran has put together a package for $25 billion of investment in its booming power industry which is key to the country’s economic recovery, head of Iran Power Transmission, Generation and Distribution Company (Tavanir) says.

“Iran’s power industry is facing an average growth of 5% (in energy demands) a year which calls for building annually 5,000 megawatts of additional power generation capacity at minimum,” Arash Kordi said.

The country needs to invest $7-8 billion a year in its power generation and distribution sector in order to keep pace with its growing demands, the official said.

“The package for investment by foreign companies in various sectors of electric power industry at a sum of $25 billion has been prepared,” Kordi said.

With the imminent lifting of sanctions, Iran is pushing through a series of measures to revitalize its economy which is currently immersed in a deep recession.

“In the post-election period next year, we will witness a growth and boom in the industry sector which will entail in a 7% growth in energy consumption,” Kordi said.

阳光创译转载自：（中国项目融资和法律）

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Iran lines up $25 billion energy investment