News ID: 272370
Published: 0159 GMT August 02, 2020

Minister: Iran to inaugurate 250 energy projects by March 2021

Minister: Iran to inaugurate 250 energy projects by March 2021

Iran plans to inaugurate and put into operation 250 electricity and water projects by the end of the current calendar year (March 20, 2021), said the energy minister.

“We have decided to put into operation 250 projects with nearly $11.9 billion in investments by the end of the current year,” Reza Ardakanian added in an interview with the state TV on Saturday night, Fars News Agency reported.

He added during the past seven years, one wastewater treatment plant, a large dam and a water treatment plant were inaugurated every 30, 50 and 60 days, respectively, on average.

Ardakanian underlined that Iran ranks first in the region and 14th in the world in terms of power generation capacity development, adding 60 percent of the power plants in the country belong to the private sector.

In relevant remarks last month, the minister said Iran inaugurated 227 water and electricity projects in the second half of the previous calendar year (which ended on March 19).

"We started in the middle of last year and promised people that, in six months, we are going to complete and inaugurate 227 projects in water and electricity industries and we did so," Ardakanian said.

He added 10 days before the end of the previous year we inaugurated all the 227 promised projects, including several large dams, drainage networks and water treatment plants as well as a number of hydroelectric, thermal and renewable power plants.

"We think it's very important for our people to see that although [US unilateral] sanctions are very severe and painful, we are going to derive benefits from them," Ardakanian said.

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