TEHRAN - The National Iranian Oil Company (NIOC) and Iran Power Plant Projects Management Company (MAPNA) signed a deal in Tehran on Sunday, worth €350 million, to build a power plant aimed to provide some oil and gas field development plans in southwest of the country with required electricity.

 

The power plant will have the capacity to generate 484 megawatts (MW) of electricity, according to the Mehr News Agency.

 

The first phase of the project is scheduled to come on stream within 15 months. 

 

North and South Azadegan, Yadavaran, Jofeir, Darkhovin, Sepehr and Arvand are among the most important fields, which are located in the southwest of the country.

 

Deputy Energy Minister Mohammad Behzad said on April 4 that the Energy Ministry had prepared plans to increase electricity generation capacity of national power plants by 5GW in the current calendar year, which began on March 20.

 

“Over 10,000 megawatts should be added to the generation capacity of hydroelectric and thermal power plants by August 2013,” he added, the Fars News Agency reported.

 

By the end of the Fifth Five-Year Economic Development Plan (2015), Iran will boost its electricity generation capacity by 25GW to reach 73GW, Energy Minister Majid Namjou said on February 7.

 

Iran currently exchanges electricity with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan and Iraq.