NTPC plans to build $5 Billion power plant in Iran

NTPC plans to build $5 Billion power plant in Iran

Tuesday, 25 August 2009, 11:00 Hrs
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New Delhi: State-owned power utility NTPC is planning to build a power plant in Iran worth 25,000 crore (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.
Source: IANS
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