Tehran Times reported that a Chinese company has invested USD 500 million in building a coal fired power plant in Tabas, central Iran.

Mr Mohammad Behzad deputy energy minister of Iran said that the power plant will have a generating capacity of 650 MW.

He put the total budget required for the project at around IRR 7 trillion.

Mr Behzad said that 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 MW.

Mr Majid Namjou energy minister of Iran said that by the end of the fifth five year economic development plan (2015), Iran will boost its electricity generation capacity by 25 GW to reach 73GW.

Source - Tehran Times.com

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