Iran takes huge step with USD25b investment package

(MENAFN) Iran has arranged a package for a whopping USD25 billion investment in its expanding power industry, as it stands out as a crucial element for the nation's economic recovery.

Additionally, the country needs to invest around USD8 billion a year in power generation and distribution division to keep up with growing demands thus pushing it forward, based on experts' insights.

With the inevitable lifting of sanctions, Iran is working hard to push through a series of measures and implement drastic strategies to revive its economy which is currently immersed in a deep recession.

In more detail, the government has recruited plans to expand the distribution network and reduce consumption by raising domestic and industrial tariffs and invest in the renewable energy segment.