Power Plants Owe $950m to NDFI

Since 2015, the fund has lent close to $4.6 billion to private sector investors for building close to 46 thermal power plants, some of which are up and running
Power Plants Owe $950m to NDFI
Power Plants Owe $950m to NDFI

Power plants’ debts to Iran's sovereign wealth fund, known as the National Development Fund of Iran, have surpassed $950 million, the fund’s deputy for banking and credit affairs said. 
“The $950-million debt is only for power plants that have already become operational and can now generate revenues,” Alireza Mirmohammad-Sadeqi was also quoted as saying by Barq News website.
The unsettled dues have accumulated over the past few years, he added, noting that Kahnouj and the Iranian copper industry’s power plants in Kerman Province and Jam power station in Bushehr Province are obliged to settle their debts by the yearend.


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