Indians Keen on Investing in Iran's Energy Sector

Indians Keen on Investing in Iran's Energy SectorIndians Keen on Investing in Iran's Energy Sector

Iran has a considerable potential to generate electricity from wind energy, Himan Shoukari, a high-ranking official in the Indian Suzlon group said Wednesday.

Pursuant to the German delegation's visit to Iran early this week, an Indian business-energy team, comprised of representatives from 14 major electricity, petrochemical and renewable energy companies, including the Suzlon group, arrived in Tehran two days ago, Mehr News Agency reported.

Highlighting Suzlon's capability in producing more than 14,000 megawatts of electricity through designing, installing and operating wind farms, the official noted, "Our company has played a key role in implementing renewable power plant projects in the US, Chile, South Africa, China and EU member states."

"The Suzlon Group is willing to provide Iran's electricity sector with turbine building know-how. Furthermore, joint ventures are welcome," Shoukari said.

Asked about the group's operational ability to compete with Germany's Siemens in building power plants, the official reiterated that Suzlon is one of the world's leading wind turbine manufacturers and it has an intense competition with Siemens.

The Suzlon group takes pride in creating enduring value through sustainable development. It strongly believes in connecting its core capabilities to provide optimum wind power solutions. The company lives up to its vision of providing world-class expertise to every aspect of wind energy production.

Referring to Iran's long-term plans to produce electricity from renewable energies, particularly wind, the group's representative emphasized, "The Suzlon Group can cooperate with Iran to materialize such strategic plans."

Iran needs to generate 5,000 MW of renewable energies by 2015 as stipulated in the Fifth Five-Year Economic Development Plan (2011-16).

The 14-member Indian delegation is due to hold meeting with Iranian petrochemical officials to explore investment opportunities.

According to Majid Javedani, the head of visiting delegation, Iran is definitely a lucrative energy market for India's private and state enterprises as soon as sanctions are lifted.

Suzlon's multi-dimensional approach to value engineering and cost reduction provides better margins and a competitive advantage to its customers.

Suzlon's turbines operate from Rajasthan in very hot conditions to Canada in subarctic climates, and are compliant with current grid code standards worldwide.