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Iran approves Sixth Development Plan

The Iranian Parliament recently approved its Sixth Development Plan in a bid to boost investment. Under the terms of the Law on the Sixth Five-Year Economic, Cultural, and Social Development Plan (2016–2021), the Ministry of Energy is to target a 25,000-MW increase in national power generation through various public-private partnership (PPP) models such as build-own-operate (BOO) or build-operate-transfer (BOT) which may be funded through domestic as well as international finance.

Iran’s High Economy Council is to provide the required guarantee for purchase price of the energy generated by these projects, according to CMS Law-Now.

News Item details


Journal title: Petroleum Review

Countries: Iran -

Subjects: Electricity markets, Policy and Governance, Electricity, Power stations

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