Iran's Energy Minister Welcomes Foreign Investments in Sector
Posted on: Tuesday, 30 August 2005, 03:01 CDT
Text of report in English by Iranian news agency IRNA web site
Tehran, 30 August: Energy Minister Parviz Fattah said here Monday [29 August] that his ministry welcomes foreign investors and domestic entrepreneurs in the water and electricity projects.
He told reporters that the public resources are not adequate to carry out the desired plans in water and electricity projects necessitating the need for private sector investments as well as foreign capital.
The energy ministry's outlook stipulates for lowering its share in the projects and boosting the pace of ceding shares in the project to the private sector, he added.
"We have good news for the private sector that the government and Majlis's view is to support private sector investments," he said.
The new energy minister further said that Built, Operate and Transfer (BOT) agreements will also be used in projects.
"Various kinds of contracts will be signed if they assist in furthering national development."
On reducing the water and electricity prices which is on the agenda of Majlis for assisting the poorer section of the society, Fattah said that the policy will be taken in the next year's budget and the prices will stay as they are provisioned in the current year.
On the number of dams under construction, he added that currently over 80 dams are under construction throughout the country slated to be completed in the next four years.
He said that providing electricity to villages are the priority of the ministry. The plans call for every village in the country to enjoy electricity in the next four years.
He pointed out that a number of Iranian companies, too, are involved in electricity transfer line projects and power distribution networks in other countries.
The Fourth Five-Year Development Plan (March 2005-2010) envisions plans for adding 3,600 megawatts of energy to the powerplant capacity to meet the household, industry and agriculture needs.
Also, he added that in the current Iranian year (started 21 March) the electricity capacity will be increased to 4,200 megawatts.
"So far 20,000 megawatts have been added to the network and the rest will enter the electricity network in the coming months." Iran is now self-sufficient in implementing dam construction plans, and busy implementing several water and electricity projects in different countries around the world.
Different projects in the fields of dam construction and hydro- electric plants are being implemented in Tajikistan, Mali and Zimbabwe by Iranian companies.
A number of Iranian companies, too, are involved in electricity transfer line projects and power distribution networks in other countries.
Source: BBC Monitoring Middle East
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