|Chinese company finances coal-fired power plant project in Tabas||
TEHRAN - A Chinese company has invested $500 million in building a coal-fired power plant in Tabas, central Iran, the deputy energy minister said, without naming the company.
The Mehr News Agency quoted Mohammad Behzad as saying that the power plant will have a generating capacity of 650 megawatts.
He put the total budget required for the project at around 7 trillion rials (some $570 million).
According to Behzad the project is scheduled to be completed within 74 months, adding that the administration has prepared plans to establish coal-fired plants with a total capacity of 5,000 megawatts.
By the end of the fifth five-year economic development plan (2015), Iran will boost its electricity generation capacity by 25 gigawatts (GW) to reach 73GW, Energy Minister Majid Namjou said on February 7.
Iran currently exchanges electricity with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan and Iraq.
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