August 25, 2009 / 7:50 AM / 10 years ago

India may build $5.1 bln power station in Iran - govt

NEW DELHI (Reuters) - India may set up a 250 billion rupee ($5.1 billion) natural gas-fired power plant in Iran to generate at least 5,000 megawatts, Power Secretary H.S. Brahma said on Tuesday.

Energy-starved India, which imports 70 percent of the oil it consumes, has considered several options such as natural gas pipelines from Iran and Turkmenistan via Pakistan, but the proposals have not made much headway because of tension between New Delhi and Islamabad.

“There is a shortage of coal, shortage of gas in India. This (power plant) is viable,” Brahma said on the sidelines of a business conference.

A smaller power station would not be viable as the power would be transmitted to India across a 1,000-km high-voltage transmission line.

“Our ambassador in Iran is trying his best for this. This is a proposal from the ministry of external affairs. A team from Iran is likely to visit India this year to explore the possibility of investing in India and vice versa.”

On Monday, an Indian newspaper reported that the country may build a 6,000 MW power station in Iran.

For more news on Reuters Money click in.reuters.com/money

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