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New Market Research Report: Iran Power Report Q1 2013


Fast Market Research recommends "Iran Power Report Q1 2013" from Business Monitor International, now available


Published on 21 February 2013



by Bill Thompson

(WireNews)

Boston, MA

BMI View: Plans to develop Iran's nuclear capacity are central to the country's power industry and its ability to meet its energy requirements. While the country continues to face huge international opposition, it has made plans for additional research reactors, even though its first reactor is only due to be commercially operational by March 2013. Despite sanctions posing problems for many developed nations to invest here, Iran still stands to benefit from investment from its neighbours, such as India, and greater development of its renewables generation capacity .The country also stands to gain from the power and gas import requirements of India and Pakistan.

Iran is expected to continue to rely largely on conventional thermal sources for electricity generation, with many of the power projects that are currently under construction slated to increase the nation's natural gas generation capacity. While Iran plans to increase its nuclear capacity, external political resistance makes the realisation of this future rather uncertain and will likely slow the process further.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/536479_iran_power_report_q1_2013.aspx?afid=201)

Fears of that nuclear power will be used for purposes other than power generation continue to plague other nations, and sanctions are likely to remain for the foreseeable future.

Key trends and developments in the Iranian electricity market:

- Majid Salehi, the Managing Director of Iran Power Development Company, has revealed that around 23 new power plants will begin production by the end of the government's tenure in the next Iranian year, starting March 2013. Investment of approximately IRR50trn will be required for the projects, which will be developed as part of the energy ministry's Mehr Mandegar programme. The 648-megawatt (MW) Kermanshah Power Plant will be the first to start production, while the gas-fired units of the Zanjan, Semnan and Shahround power plants should become operational in the coming months. The ministry has granted permits for the private sector construction of renewable energy power plants, with a combined production capacity of 12 gigawatts (GW), according to Iran Renewable Energy Organisation's Managing Director, Yousef Armodeli.
- In late May 2012, Iran's government terminated a contract that was awarded to China for the construction of the Bakhtiari hydropower plant in the south-west of the country, according to Energy Minister Majid Namjou. China's proposed US$2bn financial package for the 1,500MW plant was rejected by the Iranian Central Bank, with the project now being awarded to the Iranian Revolutionary Guard Corps' engineering arm, Khatam al-Anbiya. The cancellation of the contract could have an adverse impact on the economic relationship between China and Iran.


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Posted 2013-02-21 16:01:00