July 8 (Bloomberg) -- A Chinese company has invested some $500 million for the construction of a coal-fired power plant in central Iran, Tehran Times reported, citing Iranian Deputy Energy Minister Mohammad Behzad.
Behzad, who didn’t name the company, said the power plant will be located in the city of Tabas in Yazd Province and will be able to generate 650 megawatts of electricity.
The project requires a total of 7 trillion rials ($570 million) and is planned to start operating within six years, Behzad said, according to the newspaper.
Iran has plans to generate 5,000 megawatts of electricity through the use of coal-fired plants, the report said.
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