Turk investors pay for 5,000 megawatts electricity generation in Iran

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Director for monitoring group on investment contracts of Thermal Electric Generation Specialized Company Jamshid Sajdei said on Thursday that contracts to generate 5,000 megawatts electricity have been convened with investors and companies from Turkey.

He made the remarks on the sidelines of foreign investment meeting of Yazd Investment Services Center.

Sajdei said currently two sites to generate 2,000 megawatts electricity in the cities of Saveh and Zahedan handed over to Turkish company and other related affairs are underway.

He also acknowledged about signing memorandum of understanding (MoU) with three companies from South Korea, Japan and France to generate 3500 megawatts electricity and said that the MoU have been signed with the three companies and negotiations to sign contract is underway.

Sajdei said that time period for guaranteed purchase electricity from foreign investors is determined in the contracts and upon agreement and contract, the investors may sell their generated electricity in free market or sell their power plant to the government after expiration of the period.

Yazd province in attracting foreign investors and preparing necessary infrastructures to absorb investment, especially in the fields of solar energy and generating electricity is among flag-bearers provinces of Iran.

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