Iran to Build Combined Cycle Power Plants with FDI
TEHRAN (Tasnim) – Construction of combined cycle power plants in Iran through Foreign Direct Investment (FDI) was approved in a meeting of the country’s Economy Council headed by Iranian First Vice-President Eshaq Jahangiri.
Projects to construct combined cycle power plants in Aras, Tabriz and Zahedan with a total capacity to produce 3,520 megawatts of electricity, which had been requested by the Ministry of Energy, were approved during the council’s meeting on Monday evening.
Oil Minister Bijan Namdar Zanganeh, Energy Minister Hamid Chitchian, Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh and Minister of Agricultural Jihad Mahmoud Hojjati also attended the meeting.
It will be for the first time that projects to construct combined cycle power plants with foreign direct investment are implemented in the country.
In electric power generation a combined cycle is an assembly of heat engines that work in tandem from the same source of heat, converting it into mechanical energy, which in turn usually drives electrical generators.
Iran’s electricity industry ranks 14th in the world and first in the Middle East in terms of electricity generation by having an installed power generation capacity of 67,806 MW.
