Iran is offering attractive investment opportunities in its energy sector that are appealing to Czech and Slovak companies, the chairman of Czech-Slovak-Iranian Chamber of Commerce said in Tehran.
Jan Kavan said that power plant industry in Iran is the second field in which Czech and Slovak companies see great potential for cooperation and investment, Mehr News Agency reported on Sunday.
"With rising electricity consumption, Iran is upgrading its decades-old power plants and incorporating new technology to boost output and decrease their environmental impact. They can benefit from our expertise and knowhow,” he noted.
In his last meeting with Iran's energy officials, he "found that there are ample opportunities to work in Iran. For instance, the petrochemical sector can draw on the knowhow of Czech and Slovak companies in repair and maintenance. An industrial group that is a member of the chamber is building a power plant in Iraq and wants a trade partner from Iran to help with the process,” Kavan told Mehr News.
Around 62,000 MW, or 80% of Iran's 75,000-MW output, is generated from thermal plants that burn fossil fuels. In addition, 12,000 MW comes from hydroelectric plants and 1,000 MW from the sole nuclear power plant in Bushehr.
Tehran and Prague opened talks on electricity production projects after international sanctions were lifted a year ago.
In a meeting with Premysl Sobotka, first vice-president of the Czech Senate in October, Energy Minister Hamid Chitchian said Tehran is interested in closer collaboration in renewable energy as the country will have a “fundamentally different” approach to electricity production in the future as it shifts focus on renewable energy.
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