Debt to Private Power Producers to Be Settled

The Energy Ministry is expected to settle its $100 million debt to owners of small-scale plants next month, spokesman for the state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) said.
“We are aware of their financial problems. The ministry is doing all it possibly can to repay the debts,” Barq News quoted Mostafa Rajabi Mashhadi as saying.
Small-scale power plants including combined heat and power plants (CHP) are among the cheapest sources of electricity and were built by private companies with little help, if any, from public financial resources or the National Development Fund of Iran, Rajabi Mashhadi said.