-

 
logo
                                        Volume. 12116

Energy Ministry to issue development bonds worth $1.6b
PDF Print E-mail
Font Size Larger Font Smaller Font
c_330_235_16777215_0___images_stories_edim_04_mg1(138).jpgTEHRAN – The Ministry of Energy of Iran will issue bonds, worth 50 trillion rials (about $1.6 billion) to raise financing for funding development projects.
 
The power sector faces a 90-trillion- rial (about $2.9 billion) budget deficit, the Shana news agency quoted Majlis Energy Committee spokesman Hossein Amiri Khamkani as saying on Wednesday.  
 
According to official statistics, Iran’s power generation capacity has grown by 7 percent annually during the past 10 years, and is currently at 68.38 gigawatts.
 
Iran currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan (including Nakhchivan Autonomous Republic), Pakistan, Afghanistan, Syria, and Iraq.
 
The country seeks to become a major regional exporter of electricity and has attracted more than $1.1 billion in investments for the construction of three new power plants.

rssfeed socializeit
Socialize this
Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader
Twitter Facebook Myspace Stumbleupon Digg Technorati aol blogger google reddit