India plans to build $5-bn power plant in Iran

By IANS,

New Delhi : State-owned power utility NTPC is planning to build a power plant in Iran worth Rs.25,000 crore (Rs.250 billion/$5 billion), Power Secretary H.S. Brahma said here on Tuesday.


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The plant will be able to generate at least 5,000 MW of power.

“A smaller power station will not be viable as the power will be transmitted to India across a 1,000-km high-voltage transmission line,” Brahma said.

“This is a proposal from the ministry of external affairs. A team from Iran is likely to visit India this year to explore the possibility of investing in India and vice versa,” Brahma told reporters on the sidelines of a business meet.

PowerGrid Corp of India will build transmission network, he said.

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