Middle East Economic Survey


No 23



Energy Ministry to Issue Bonds, Plans Third Interconnector to Armenia

Irans Minister of Energy Majid Namjou told IRNA on 29 May that his ministry will issue over the current Iranian year (21 March 2011 20 March 2012) more than $2.2bn of bonds for financing the countrys power plant projects. He noted that last year Iran had attracted more than $1.1bn dollars in investment to build three new power plants in the country.

Mr Namjou...