Iran's TPPH Signs Contracts Worth USD14.2B for Domestic Manufacturing of Power Plant Equipment


(MENAFN) Iran's Thermal Power Plants Holding Company (TPPH) has signed contracts with Iranian knowledge-based companies for the implementation of 31 mega projects aimed at the domestic manufacturing of power plant equipment and parts. The contracts, which were concluded in the past Iranian calendar year, have a value of 6.432 trillion rials (approximately $14.2 billion) and are being implemented. Ali Isapour, the director-general of the company’s office of technology and domestic production, explained that the projects are intended to improve power generation efficiency, increase security and resilience, and promote domestic production and self-sufficiency in the water and electricity industry. They also aim to develop the use of artificial intelligence, reduce network losses, and smarten the water and electricity industry.

In addition to the contracts for the domestic manufacturing of power plant equipment and parts, TPPH has signed agreements with 155 knowledge-based companies for the manufacturing of strategic and sanctioned parts of power plants. Over the past five years, the company has manufactured more than 724,000 parts of power plants through knowledge-based complexes to make maximum use of the domestic production capacity.

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

The capacity of 286 power plants in Iran also increased by about 1,035 megawatts last year with the implementation of plans to increase the generation capacity of gas and combined cycle units and remove the limitation of thermal power plants. Over two-thirds of Iran's thermal power plants are owned and operated by the private sector, and private owners currently generate nearly 67 percent of Iran's thermal power. The contracts for the domestic manufacturing of power plant equipment and parts, along with the increase in power generation capacity, highlight Iran's efforts to promote domestic production and self-sufficiency while addressing the country's energy needs.

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