TEHRAN, Jan. 22 (Mehr News Agency) -- The Iranian government announced that it would privatize a number of state-owned telecommunications and oil enterprises in the next year (Iranian calendar year begins March 21, 2007).
The privatization policy in Iran is on the move and the cabinet is to review the selling of 107 state-owned oil companies to private sector in the next week, the head of Iran's Privatization Organization (IPO) Gholamreza Haydari told MNA on Monday.
Moreover, in a bid to expedite the enforcement of the Article 44 of the Constitution, stocks of 42 other companies will be offered at Tehran Stock Exchange, he indicated.
Based on an amendment to the Article 44 of the Constitution, 80 percent of the government stakes in a range of state-run factories, basic industries and major companies will be sold to private sector. Economic growth, paving the way for social equity, alleviating poverty and gaining access to the objectives set in the nation's 20-Year Outlook Plan have been cited as the main reasons for the privatization issue.
"We have negotiated with private companies on the construction of 28 power plants with a total capacity of 22,166 MW," Fattah told reporters, without commenting on the results of the talks.
The minister went on to say that 88 dams are currently under construction throughout the country, 18 of which are scheduled to come on stream by March 2007.
The official also said that 162 billion kw/h of electricity have been generated during the first ten months of the Iranian calendar year 1385 (started March 21, 2006). "This indicates an 8.68 percent rise compared with the corresponding period last year," he added.
Fattah predicted that electricity production would hit 195 billion kw/h by March 2007.
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