Tehran, Prague sign deal for WTE plant‎ construction

News ID: 3924761 -
TEHRAN, Mar. 06 (MNA) – Iran and Czech have signed a BOT contract to build a 20 MW incinerator power plant which will convert a daily 350 tons of waste into energy.

During a joint session, Iran’s Deputy Energy Minister for Electricity and Energy Affairs Houshang Falahatian and Chairman of Czech Parliament's Energy and Commerce Committee Milan Šarapatka reached an agreement over building a Waste-to-Energy (WTE) power plant.

As such, a contract was signed between Renewable Energy Organization of Iran (abbreviated SUNA) and a Czech company aiming at construction of a 20 MW incineration plant in north Iranian city of Gilan within the framework of Build–Operate–Transfer (BOT).

The Return on Investment (ROI) for the Czech side will be carried out through guaranteed purchase of electricity in 14 years as the plant is expected to turn 350 tons of waste into energy on a daily basis.

Iran’s Falahatian recalled his earlier visit to a WTE plant in Prague saying “we noticed great capabilities of the Czech Republic in building incinerator power houses for using Europe’s state-of-the-art technology.”

He said Iran welcomed presence of Czech firms in the country for constructing waste-to-energy plants since they possess precious experiences in this regard.

The official pointed to proper grounds in Iran for presence of foreign firms who are active in renewable energy sector asserting “for instance, the produced electricity at renewable power plants will join the national grid and the will be purchased without delay.”

Deputy energy minister underlined that Iran sought to add 5,000 megawatts of renewable power stations to the national network in the coming five years; “Iran enjoys a secure economic and physical environment for foreign investment as regards electricity sales.”

He went on to underscore that Iran could be a great launch pad for entrance of Czech companies to regional markets concluding “presently, proper conditions are available for foreign investors thanks to existing transparent regulations.”

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