Equipment, Tech Exports Earn IPPRC $40 Million

The Iran Power Plant Repair Company, a subsidiary of Iran Thermal Power Plants Holding Company, earns close to $40 million in revenues per year from exporting technical and engineering services and equipment, the head of the firm said.
“Of the total annual earnings, close to $30 million pertain to technical services and the rest is for selling pieces and parts indigenized with the help of domestic engineers,” Masoud Moradi was also quoted as saying by the Energy Ministry’s news service.
Two decades ago, even the installation of turbine blades was monopolized by foreign companies, but Iran is currently self-reliant in the construction of blades, rotors and compressors, he added.
Most of the equipment used in thermal power plants has been indigenized.