The nationwide project to overhaul thermal power plants and improve power output is on track and has registered a work-in-progress rate of 37% since August. "Government funding to complete the operation is close to $460 million, of which $70 million has been paid to the Energy Ministry," Mohsen Tarztalab, the chief executive of Iran Thermal Power Plants Holding Company said.
He said domestic firms including Iran Power Plant Repair Company are carrying out the annual maintenance work at the power stations that produce about 12,000 megawatts of power a year.
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