Iran is one of the most energy-intensive countries in the world, where inefficient energy use amid consumer subsidies has resulted in a per capita energy consumption which is ten times greater than that in the European Union
Therefore, long-term and short-term plans have been defined to compensate for this energy shortage .
One of these programs is the investment and the establishment of thermal power plants.
Ministry of Energy is planning to increase the country’s thermal power capacity up to 5,223MW by summer 2019 to make up for the shortage of about 8,000MW reliable power next year.
There is going to be about 8,000MW shortage of reliable power during peak times in 2019, according to the latest assessments. The Ministry of Energy is planning to compensate for the shortage by bringing 27 new thermal power units on stream and upgrading 23 others.
The new units include the steam-gas power units installed at the plants of Maku, Caspian, Parand, Hormoz, Zahedan, Kashan, Qeshm, Asalouyeh, etc., which will come on stream by June 2019.
Some of these power units, such as Parand and Caspian, have joined the grid this summer.
In addition to these 27 new units, which are expected to come on stream by the next year’s peak consumption time, 19 power units at combined-cycle power plants are scheduled to get upgrades. The implementations of the plan will add 281MW more capacity to the country’s thermal plants.
Also there are some projects regarding thermal power plants which need construction of additional turbine hall and need to be modernized by high tech turbine to increase their efficieny.
Therefore,Iranian energy officials are seeking foreign investment to built new power plants or increasing the efficiency of existing ones.
Indeed, Iranian energy officials strongly welcome the companies that act as either an EPCF contactor or BOT contactor to meet their needs.
Iran government provides promotion and protection for foreign investment.