{"id":1440,"date":"2017-10-28T20:31:53","date_gmt":"2017-10-28T20:31:53","guid":{"rendered":"http:\/\/madaresharghi.com\/iran-pushing-to-finalize-new-water-power-deals\/"},"modified":"2017-10-28T20:31:53","modified_gmt":"2017-10-28T20:31:53","slug":"iran-pushing-to-finalize-new-water-power-deals","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/iran-pushing-to-finalize-new-water-power-deals\/","title":{"rendered":"Iran Pushing to Finalize  New Water, Power Deals"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tIran is finalizing a flurry of new deals in the water and power sectors while efforts are underway to restore a large and shrunken lake in northwest Iran, one of the country&#8217;s biggest environmental challenges in years, the caretaker energy minister said.<br \/> \t&#8220;Water and power industries are capital-intensive. About \u20ac10 billion ($11.8 billion) in foreign finance agreements [for water and power projects] are being examined and finalized by the energy and economy ministries,&#8221; Sattar Mahmoudi was also quoted as saying by ILNA on Saturday.<br \/> \tHe expected the government to unveil some of the new investments in an official ceremony in the next few months.<br \/> \tThe statements by the caretaker energy minister came ahead of a parliamentary meeting on Sunday to vote on Reza Ardakanian, the new nominee for the ministry.<br \/> \tIn August, lawmakers approved 16 of President Hassan Rouhani&#8217;s 17 picks for ministerial posts while Habibollah Bitaraf, the proposed energy minister, failed to get enough votes.<br \/> \tMahmoudi added that the government attracted more than 4 trillion rials (about $1 billion) in private finance for water and wastewater projects in the last four years.<br \/> \tAccording to government officials, Iran has also signed over $10 billion worth of deals to expand or renovate electrical infrastructure since last year&#8217;s lifting of international sanctions over Tehran&#8217;s nuclear dispute.<br \/> \tThe country&#8217;s push in the power industry is also buoyed by the rapidly growing interest of foreign companies in Iran&#8217;s renewable industry.<br \/> \tAccording to Iran&#8217;s Renewable Energy and Energy Efficiency Organization, international investors have proposed $4.1 billion worth of renewable power projects since last year&#8217;s lifting of sanctions. They include a $2.9-billion preliminary agreement with Norway&#8217;s Saga Energy and a $600-million contract with London-based Quercus to build solar plants in Iran.<\/p>\n<p> \t&#8212; Lake Urmia<br \/> \tMahmoudi pointed to efforts to revive Lake Urmia, once Iran&#8217;s largest salt lake that dried up a few years back and has now reduced to a thin body of water.<br \/> \t&#8220;Overall, Lake Urmia has recovered from a steep downward spiral \u2026 The lake&#8217;s level has not receded from the previous month&#8217;s level,&#8221; Mahmoudi said, partly blaming low precipitation for the lake&#8217;s slower-than-expected recovery.<br \/> \t&#8220;One problem is that the rainfall has dropped 38% in and around Lake Urmia,&#8221; he said.<br \/> \tExperts hope the lake&#8217;s restoration program will get a fresh impetus if Ardakanian, touted as environmentally conscious, becomes the next energy minister.<br \/> \tWhen Lake Urmia was full 20 years ago, it was estimated to contain around 30 billion cubic meters of water.\u00a0 At the worst point, it accounted for a mere 0.5 bcm of saltwater.\u00a0 The number now stands at around 2.5 bcm, according to a United Nations&#8217; report in March that also said the &#8220;deadly decline has been reversed and the amount of water now keeps increasing month by month&#8221;.<br \/> \tA study published in the Journal of Great Lakes Research showed the lake\u2019s surface area in September 2014 was about 12% of its average size in the 1970s, a far bigger fall than previously realized, the Guardian reported in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Iran is finalizing a flurry of new deals in the water and power sectors while efforts are underway to restore a large and shrunken lake in northwest Iran, one of the country&#8217;s biggest environmental challenges in years, the caretaker energy minister said. &#8220;Water and power industries are capital-intensive. About \u20ac10 billion ($11.8 billion) in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iran Pushing to Finalize New Water, Power Deals - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/iran-pushing-to-finalize-new-water-power-deals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iran Pushing to Finalize New Water, Power Deals - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Iran is finalizing a flurry of new deals in the water and power sectors while efforts are underway to restore a large and shrunken lake in northwest Iran, one of the country&#8217;s biggest environmental challenges in years, the caretaker energy minister said. &#8220;Water and power industries are capital-intensive. 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