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EghtesadOnline: Energy Minister Hamid Chitchian on Tuesday inaugurated a 230-kilovolt electrical substation in Bashagard, Hormozgan Province. The substation cost $12.2 million to develop.

The minister also launched several water projects in the southern province that straddles the Persian Gulf coast, including plans to supply water to 55 villages in Bashagard County as well the city of Khomeynishahr from Shamil Dam and an irrigation plan in Minab.

Several energy projects were also inaugurated in Khuzestan Province on Monday on the first day of Chitchian's visit to the country's southern regions. The minister broke ground on two 400-kV substations in Ahvaz, the provincial capital of Khuzestan, among other ventures.

Mahmoud Dashtbozorg, managing director of Khuzestan Regional Electricity Company, told Mehr News Agency on Monday that the projects are slated to go on stream in two to three years by a combined investment of $43 million, according to Financial Tribune.

Moreover, the construction of a dam on Bahmanshir River and another, Mard, on Karun River commenced in a ceremony attended by the minister.

The dam on Bahmanshir reportedly needs $80 million in investment, which is due to be provided through Iran’s foreign exchange reserve.

Mard Dam, which cost $93 million to be completed, is planned to be financed via the same resource. He added that five water irrigation plans were launched in the southern province of Khuzestan with an investment of $81 million.

Chitchian also said Iran has managed to add about 2,600 megawatts to its power generation capacity in the previous fiscal year that ended on March 20.

Iran is the largest electricity producer in the Middle East with an installed capacity of around 76,000 MW. Its power industry ranks 14th in the world in terms of output.

According to officials, a new wave of foreign investments will push the country's installed power capacity to exceed 80,000 MW.


Hamid Chitchian Iran Electrical Substation Iran Hormozgan