Iran to privatize 44 power plants

TEHRAN,Oct.27(MNA)– Iran will sell shares of forty four power plants, worth 220 trillion rials (about $18 billion) to the private sector. The power plants have the total generation capacity of 34 gigawatts. Energy Minister Majid Namjou has said Iran’s installed power generation capacity is currently about 67GW. According to him, the Energy Ministry plans to increase the electricity generation capacity by 5GW this calendar year.