News ID: 156190
Published: 0256 GMT August 03, 2016

Iran to build 800 power plants: Official

Iran to build 800 power plants: Official

Iran plans to build more than 800 power plants in the next 20 years to increase its current installed power capacity from 75,000 MW to 100,000 MW, an official told Turkey's Anadolu news agency.

Deputy Energy Minister for Electricity Hooshang Falahatian added that Iran will put forward investment opportunities to the tune of $250 billion in 12 sectors including energy.

He highlighted the importance of enhanced ties between Tehran and Ankara in the field of renewable energy, adding, "There are many reasons for accepting and inviting Turkish clean energy investors to Iran in realizing common activities.

"We are interested in developing cooperation with Turkey in many fields."

In April, Iran and Turkey signed eight memorandums of understanding (MoUs) to strengthen cooperation in various areas.

The two neighboring countries have ramped up efforts in recent months to boost trade following the implementation of the Joint Comprehensive Plan of Action (JCPOA), a nuclear deal between Iran and the P5+1 (Russia, China, the US, Britain, France and Germany), on January 16.

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