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Iran to Privatize 10 Power Plants
Iran is slated to cede 10 power plants to the private sector through stock market, a senior Iranian official announced.
Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini told the Islamic republic news agency on Saturday that next week a session will be held in a bid to study mechanism for ceding some 10 power plants to the private sector. 

Commenting upon the other privatization programs, the Iranian minister pointed out that within the next three months, the shares of Dana, Asia and Alborz insurance companies will also be offered for sale on the stock market. 

In 2007, the Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei requested that government officials speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization. 

Hosseini further underlined that implementation of the Article 44 of the Constitution goes on as scheduled, adding all the units subject to the article will be ceded to the private sector by the end of the current Iranian year (ends on March 20). 

According to the Fourth Five-Year Socioeconomic Development Plan (2005-2010), the Privatization Organization of Iran affiliated to the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public and on the stock market. 
ECASB
Oct 14, 2009 12:33
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