Energy Ministry Repays $1b in Debts to Banks, Private Sector

The Energy Ministry has settled $1 billion of its debt to banks, private power plants and the Iranian National Tax Administration over the past 12 months, the ministry's deputy for economic and planning department said.
“The debts were mainly related to the ministry-affiliated firms, namely Tehran and Khuzestan regional electricity companies, Water and Power Resources Development Company, Thermal Power Plants Holding Company, Iran Grid Management Company and the Renewable Energy and Energy Efficiency Organization,” IRNA also quoted Mohsen Bakhtiar as saying. 
He noted that of the total debt, $460 million were paid to banks, including lenders Melli, Saderat, Tejarat, Sepah and the Central Bank of Iran.
“The ministry also paid $360 million and $180 million to private contractors and Tax Affairs Organization respectively in the period,” he said.