Tag Archives | electricity

US “will continue Exemptions” for Iranian Power Imports

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. Iraq electricity minister: US will continue exemptions for Iranian electricity imports In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity […]

Iran “ready to Expand Gas, Power Trade with Iraq”

President Hassan Rouhani has called for Iran and neighbouring Iraq to expand their gas and electricity dealings and boost bilateral trade to $20 billion, state TV reported, despite difficulties caused by US sanctions against Tehran. “The plans to export electricity and gas and hopefully oil continue and we are ready to expand these contacts not […]

Iraq “Needs to Buy Iranian Electricity for 3 Yrs”

Iraqi Parliament Speaker Mohammed al-Halbusi said he hopes the United States will keep waiving sanctions on energy imports from neighboring Iran, noting that the Arab country will need to purchase electricity from the Islamic Republic for three years. In November last year, Washington granted a 45-day waiver on electricity to the Arab country and extended […]

Iran, Iraq Deal to Boost Cooperation in Electricity

High-ranking officials from Iran and Iraq on Friday signed two memorandums of understanding (MoUs) and a contract to boost cooperation between the two countries in the electricity industry. At the end of his three-day visit to Iran, Iraqi Minister of Electricity Luay al-Khatteeb signed two MoUs and a contract on the electric industry with Iranian […]

Iran’s Biggest Solar Power Plant Launched

Iran’s biggest solar power plant with a capacity to produce seven megawatts (MW) of electricity was inaugurated in the western province of Hamedan on Tuesday. The power plant came into operation during a ceremony attended by Iranian First Vice-President Eshaq Jahangiri and Energy Minister Reza Ardakanian in Hamedan on Tuesday. The renewable energy project has […]

Plant to Supply Power for 12 Petchem Units

Phase I of Damavand Petrochemical Utility Plant, officially launched this week, generates 648 megawatts of power to be fed to 12 petrochemical facilities operating in Phase II of Asaluyeh Petrochemical Hub, southern Iran. Addressing a press conference on Monday, Mohammad Reza Samiei, managing director of the plant, said the complex is being built to provide […]

Iran Commissions its Largest Wind Farm

By John Lee. Iran has reportedly commissioned its  largest ever wind farm. According to Energy Digital, the Sihapoush wind farm, in Qavzin province, is set to have a capacity of 61.2MW and comprise 18 Siemens Gamesa SWT-3.4-108 turbines. It has been fully commissioned by Arian Mah Baad, with EPC being done by local Iranian company […]

500MW Power Plant Planned in West Karoun

Development of jointly owned oil fields in the West Karoun area in western Iran remains a priority for the Iranian Ministry of Petroleum. Iran is currently recovering more than 350,000 b/d of oil from these fields, which is expected to reach 1.2 mb/d in coming years. A major requirement for reaching such production levels would […]

Iraq Fails to convince Iran to Resume Power Supply

Iraqi Electricity Minister Qassem Al-Fahdawi (pictured) said yesterday that his country has failed to convince Iran to resume supplying Iraq with electricity. Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran cut off about two […]

Iran to sign Power Deal with Georgia

The CEO of the National Iranian Gas Company (NIGC) said the company was preparing an electricity contract to sign with Georgia for export of 10% of the power it receives from Armenia in exchange for natural gas. Speaking to Shana, Hamid Reza Araqi said NIGC had earmarked 10% of the gas it receives from Armenia […]

Gas Supply to Chabahar Power Plant complete by May

An Iranian gas official says the first phase of gas supply to Chabahar power plant for delivering a million cubic meters per day of natural gas to the facility will be complete by late May. Speaking to Shana, Saeid Momeni, the director of gas distribution department of the National Iranian Gas Company (NIGC), said the […]

Iraq to continue Importing Electricity from Iran

By John Lee. Iraq’s Minister of Electricity Qassim Mohammad al-Fahdawi has met with a visiting delegation from Tehran headed by Iran’s Minister of Industry, Mine and Trade, Mohammad Shariatmadari. They renewed for an additional year a contract under which Iran sells electricity to Iraq. Through four major supply lines, Iran sends 1,000 megawatts of electricity […]

JICA to Finance two Iranian Power Plants

By John Lee. The Thermal Power Plants Holding Company has reportedly signed an agreement with the Japan International Cooperation Agency (JICA) for two power plants in Iran. Managing Director Mohsen Tarztalab said the agreement covers the Shahid Mofateh and Shahid Rajai power plants. He added that JICA’s estimated facilities for the two plants is $800 million. […]

700 MW of Clean Electricity to Be Added

Iran’s deputy energy minister said about 700 megawatts (MW) of electricity generated by the country’s clean power plants will be added to the national grid by late September 2018. Speaking to the Islamic Republic of Iran Broadcasting (IRIB), Seyed Mohammad Sadeqzadeh said the number of power plants generating electricity from renewable resources such as wind […]

Iran to Improve Efficiency of Power Plants

An Iranian official unveiled plans for an increase in the efficiency of the country’s power plants under a grand development initiative, saying the Energy Ministry has entered business negotiations with domestic and international investors to that end. In an interview with the Tasnim News Agency, Deputy Energy Minister for Power and Energy Affairs Hooshang Falahatian […]

Iran’s Power Generation Capacity Nears 78,000 MW

Iran’s nominal capacity to produce electricity has reached about 78,000 megawatts (MW) following the connection of a number of power plants to the country’s national grid over the past two weeks. The country’s overall nominal capacity to generate electricity has increased by 381 MW over the past two weeks, reaching 77,987 MW. During the mentioned […]

Germany’s Siemens Delivers 2nd F-Class Turbine to Iran

Siemens, the German industrial group, has shipped the second F-class gas tribune to Iran, a report said. Siemens has shipped the second F-class gas turbine for the project Bandar Abbas to Iran, Iranian media reported on Saturday. The first of the two F-class gas turbines to be used at the Bandar Abbas power station was […]

Major Power Projects in Khuzestan Province

Iran plans to start the construction phase of five major power plant projects in the country’s southwestern province of Khuzesan this Iranian year (ends on March 20, 2018), Energy Minister Reza Ardakanian said. Speaking to IRIB, the energy minister said that these projects would produce 3,600 megawatts (MW) of energy. At present, the province enjoys […]

New Plant Raises Ceiling on Iran’s Power Output

The launch of a new power plant south of Iran increased the country’s capacity of electricity generation by 160 megawatts (MW). The first unit of Samangan Combined Cycle Power Plant in Iran’s southern province of Kerman has come into operation, raising the overall capacity of electricity generation to 77,446 MW. In a combined cycle power […]

New Work Begins at Bushehr Nuclear Plant

The excavation process for the construction of new sites for the second and third reactors of Bushehr nuclear power plant in southern Iran began on Tuesday. The project kicked off in a ceremony at Iran’s southern port city of Bushehr, attended by Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi, nuclear […]