Energy ministry welcomes investment in renewable energies

TEHRAN August 27 (Shana)–Iran’s Energy Ministry welcomes investment in renewable energies, the head of the Renewable Energies Organization of Iran said.

 “Given the existing capacities in the country, there is a good potential for generating renewable energies and taking into consideration the potentials of the private sector, Energy Ministry welcomes investment [in this sector],” Yousef Armodeli said.

He added that the use of renewable energies will pick up speed if a comprehensive plan is adopted with the cooperation of Petroleum Ministry.

He said that power plants operating with renewable sources of energy could replace fossil-fuelled power plants.

“The private sector can be a good administrator for boosting the share of renewable energies in the country and the private sector will benefit from advantages due to good rate of return on investment,” said Armodeli.

By SHANA

 

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