Iran Power Generation & Transmission Management Company (Tavanir)is moving ahead with negotiations on three 500-MW independent power projects (IPPs) at Zanjan. Company officials say they expect energy conversion agreements (ECAs) to be signed for Zanjan 3 and 4 by the week ending 22 October (MEED 10:9:04).
Negotiations have now started with an Energy Ministry subsidiary identified as Satkub Investment Companyfor the Zanjan 1 IPP. An ECA is expected to be signed around the end of 2004. Like the other plants, it is to be developed on a build-own-operate (BOO) basis. Tavanir says it is confident that the Zanjan 3 IPP, to be developed by the Social Security Fund, and the Zanjan 4 IPP, to be developed by Bank Melli International Investment Company, will commence development shortly after signing the ECAs. The two plants will share feedstock of 300,000 cubic metres a day of gas, provided by National Iranian Gas Company. The cost of the plants will not exceed $300 a kW hour. The planned Zanjan 2 IPP, also with capacity of 500 MW, will be tendered internationally early in the Iranian year 1384, starting in March 2005.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.