electricity

Foreigners keen to invest in Iran’s water, power industry: Official

TEHRAN (Tasnim) – An Iranian deputy energy minister said a host of foreign firms have shown enthusiasm for investment in Iran’s electricity and water industries, noting that regular meetings are underway to single out the most perfect from among them.

Speaking to the Tasnim News Agency, Deputy Energy Minister Sattar Mahmoudi said a lot of meetings have been held with the foreign companies in recent months at their request for getting acquainted with the investment opportunities in Iran’s water and electricity industries.

The Energy Ministry tries to pick the companies with the best practical experience and good technical and financial capabilities, he added.

While a July nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) is only steps away from being implemented, foreign companies are impatient to take the ample economic opportunities in Iran.

The nuclear agreement, known as the Joint Comprehensive Plan of Action (JCPOA) will terminate all nuclear-related sanctions imposed on Iran after coming into force.

By Tasnim News Agency