IFP Exclusive

Iran takes bold step to facilitate investment in its power plants

Iranian Energy Minister Abbas Aliabadi held a meeting with the chairman of the National Development Fund of Iran (NDFI) Mehdi Ghazanfari to remove the obstacles in drawing investment in the private sector and expand its power plants.

Important decisions were made during the meeting, including the establishment of a special working group to finance power plants and remove obstacles facing the investors, the NDFI’s information center reported.

Another major agreement in the meeting was granting licenses to power plants financed by the development fund.

According to the deal, the Iranian Ministry of Energy will allow the power plants to sell their generated electricity at the market price, a move which is aimed at creating economic incentives for the investors and increasing revenues through power plants.

“The license allows the power plants to supply the generated electricity to the customers in competitive conditions and at the prices they set,” the information center reported.

The National Development Fund of Iran is a sovereign wealth fund independent of the country’s budget.

It was founded in 2011 with the goal of transforming oil and gas revenues to productive investment for the future generations.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Unscheduled visit by Qatari prime minister to Tehran sparks speculation

Reports emerged by Iranian daily Donya-e Eqtesad suggest that the Qatari Prime Minister and Minister…

14 hours ago

ICC issues arrest warrant for Netanyahu, Gallant for ‘war crimes’ in Gaza

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu,…

15 hours ago

Iran to respond to Europe’s “non-technical” move: Foreign Minister

As France, Germany, and the United Kingdom submit an anti-Iran draft resolution to the International…

15 hours ago

President Pezeshkian criticizes western hypocrisy on human rights

During his visit to Sistan and Baluchestan province, Iranian President Masoud Pezeshkian delivered sharp criticism…

16 hours ago

Nearly 90 killed in Israeli attacks on Gaza

Israel has unleashed a series of air attacks on the Gaza Strip that killed nearly…

16 hours ago

Anti-Iran human rights resolution at UNGA politically-motivated: Spokesman

Foreign Ministry Spokesman Esmaeil Baghaei has censured as politically-motivated and unjustified the adoption of a…

16 hours ago