India plans to build $5-bn power plant in Iran

August 25th, 2009 - 4:51 pm ICT by IANS  

New Delhi, Aug 25 (IANS) State-owned power utility NTPC is planning to build a power plant in Iran worth Rs.25,000 crore (Rs.250 billion/$5 billion), Power Secretary H.S. Brahma said here on Tuesday.
The plant will be able to generate at least 5,000 MW of power.

“A smaller power station will not be viable as the power will be transmitted to India across a 1,000-km high-voltage transmission line,” Brahma said.

“This is a proposal from the ministry of external affairs. A team from Iran is likely to visit India this year to explore the possibility of investing in India and vice versa,” Brahma told reporters on the sidelines of a business meet.

PowerGrid Corp of India will build transmission network, he said.

–Indo-Asian news service


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