TEHRAN,Iran,Feb.17
Trend:
Iran is to invest $33 billion to increase performance of combined cycle power plants and reduce volume of gas consumption, said deputy oil minister in gas affairs.
"Reforming the process of production in power plants would increase the production volume and would bring $4.5 billion annual income from power export, which would compensate the future investments in the next eight years," said Hassan Montazer Torbati, Trend reports citing IRNA.
"The National Iranian Gas Company's priority is to provide financing for this project. The company's investment priorities include export to Oman, installing the 9th , 10th and 11th gas transmission lines, development of reservoir at second phase of Sarajeh Qom, installation of second phase in Ilam refinery," he said.
"The future investment will be in the form of Build–Operate–Transfer (BOT),” he said.
"The installation of gas pipe line and gas station are among the Gas Supply and Production Projects," he added.
"The payment for these projects would be the guaranteed purchase," he said.
"Considerable measures are to be implemented due to necessity of gas consumption management that require investors," he said.