Members of the Electricity Syndicate have warned the Ministry of Power that recent currency fluctuations will lead to 100 power plant projects shutting down which can lead to outages. Shargh writes, an industry which used to plan 50 years ahead can now only plan for the upcoming summer. Payam Bagheri, Member of the Board of Directors at the Electricity Syndicate said, after the 2011 currency crisis, 250 projects became unfeasible and a number of them have yet to become operational. Since the responsibility for currency fluctuations falls on the contractors, the Syndicate is imploring the Government to adjust the value of the contracts. The method would be much cheaper for the Government than canceling the old contracts and signing new ones.
What was going on in Iran over the last few weeks? Here we have made a summary for you: Sepah Bank Opens $1b Line of Credit for Bidboland Project Billions of Investments in ICT Sector […]
Donya-e-Eghtesad reports the 50% decrease of foreign travels during the Nowrooz Holidays. The article writes that trips to Istanbul and Tbilisi have had 45% and 40% increases in price. A six-night-stay tour to Istanbul for […]
Iran quotes the Chief of the Taxation Organization, Seyed Kamel Taghavinejad and writes that currently documents for the purchase and sales of currency over 5000 dollars should be sent to this organization. The law states […]