Volume. 12227

Iran inaugurates its biggest solar power plant
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TEHRAN – Iran on Thursday officially inaugurated its biggest solar power plant with the capacity to produce 514 kilowatt hours of electricity, twice the capacity of the country's second biggest solar plant in Shiraz. 
The solar power plant was launched in the city of Malard, Alborz province. Vice President for Executive Affairs Mohammad Shariatmadari attended the inauguration ceremony.
Highlighting the significance of new energies and its growing pace among different world states, Shariatmadari said the government fully supports the generation of new energies and invites the private sector to invest in the field. 
Iran is now the world’s 14th biggest owner of solar power plants.
Iranian Energy Minister Hamid Chitchian had previously said the country will allocate loans equal to half of the cost of constructing renewable power plants to the private sector.
Iran 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. It currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan, Syria, and Iraq.

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