SUNIR’s Power Cooperation With Chinese Firms

SUNIR’s Power Cooperation With Chinese FirmsSUNIR’s Power Cooperation With Chinese Firms

Iran Power & Water Equipment & Services Export Company (SUNIR) has expressed readiness to embark on joint international projects with Chinese companies, especially in the fields of providing power equipment and a wide range of transformers.

In a meeting with delegates of Chinese refining, petrochemical, electricity and finance companies, Bahman Salehi, SUNIR’s managing director, called on the Chinese companies to finance SUNIR’s foreign projects, IRNA reported.

SUNIR is currently involved in 17 projects in Afghanistan, Pakistan, Oman, Iraq, Syria, Ethiopia, Sri Lanka and Armenia.

During the first half of the last Iranian year (ended March 19), SUNIR exported about $1 billion worth of electricity, goods and engineering and technical services.

Pointing to the Iranian company’s over two decades of activities and implementing more than 200 projects in regional and other countries, Salehi said SUNIR is an Iranian international brand that, in cooperation with several domestic contractors, distributes Iranian energy commodities in many markets around the world from East Asia to America and Africa.  "By expanding ties with international firms, SUNIR can jointly undertake energy projects with Chinese companies," he said.

The Chinese delegation also referred to Iran’s status in the region and SUNIR’s potential, and called for its participation in providing power equipments and project transformers.

Iran and China signed 17 memoranda of understanding to improve bilateral cooperation and trade relations in the last Iranian year.

China Railway’s representative asked for bilateral cooperation in procuring energy, particularly electricity and equipment.

In line with decisions taken in the meeting, SUNIR is due to introduce a number of projects in Ecuador, wind power plants in Pakistan and other projects in Iran to Chinese investors. Plans call for raising power output from renewables to 1,000 MW by 2021. To expand renewables infrastructure, Iran has turned to European powerhouse Germany that produces 90,000 MW from renewables, more than Iran's total power generation capacity.

Nominal power generation capacity stands at around 74,000 MW nationwide, with 61,000 MW coming from thermal power plants, 12,000 MW from hydroelectric plants and only 1,000 MW from nuclear power.

Iran is the largest electricity producer in the Middle East and 14th in the world in terms of installed power electricity.