Iran's Thermal Power Plants Holding Company Signs Contracts Worth USD14.2B

(MENAFN) According to Ali Isapour, the director-general of Iran's Thermal Power Plants Holding Company’s office of technology and domestic production, the company concluded contracts for the implementation of 31 mega projects for domestic manufacturing of power plants equipment and parts with Iranian knowledge-based companies in the past Iranian calendar year 1401. The value of these contracts is 6.432 trillion rials (about USD14.2 billion), and the projects are already being implemented.

Isapour explained that these projects are aimed at improving power generation efficiency, increasing security and resilience, domestic production and self-sufficiency in the water and electricity industry, developing the use of artificial intelligence, reducing network losses, and smartening in the water and electricity industry.

He also mentioned that in the past five years, the Thermal Power Plants Holding Company has signed contracts with 155 knowledge-based companies for the manufacturing of strategic and sanctioned parts of power plants. The company has manufactured more than 724,000 parts of power plants by the knowledge-based complexes to make maximum use of the domestic production volume.

Esmaeil Namazi, the director-general of TPPH’s technical office for production, had previously announced that Iran's thermal power plants' electricity generation capacity increased by 1,035 megawatts (MW) in the past Iranian calendar year. Namazi stated that in addition to the construction of new power plant units, the thermal power industry had put on the agenda the program of increasing the power generation capacity of the existing power plants by 1,035 MW, which was achieved on time with the non-stop activities of the power industry workers.

In the past year, the capacity of 286 power plants in the country increased by about 1,035 megawatts with the implementation of plans to increase the generation volume of gas and combined cycle units and remove the limitation of thermal power plants.

It is worth mentioning that over two-thirds of Iran's thermal power plants are owned and operated by the private sector. Private owners are currently generating nearly 67 percent of Iran's thermal power. In conclusion, Iran's Thermal Power Plants Holding Company is supporting domestic manufacturing of power plant equipment and parts through contracts with Iranian knowledge-based companies. The company is implementing projects aimed at increasing efficiency and self-sufficiency in the water and electricity industry. The capacity of Iran's thermal power plants has increased by 1,035 MW in the past year, and private owners are generating nearly two-thirds of Iran's thermal power.

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