[lbo-talk] Iran to privatize seven power plants

Yoshie Furuhashi critical.montages at gmail.com
Fri Aug 17 12:11:42 PDT 2007


On 8/17/07, uvj at vsnl.com <uvj at vsnl.com> wrote:
> Press TV
> http://www.presstv.ir/news.aspx
>
> Iran to privatize seven power plants
> http://www.presstv.ir/Detail.aspx?id=19689&sectionid=351020103
>
> Thu, 16 Aug 2007
>
> [Iran's Minister of Energy, Parviz Fattah]
>
> Iran's Minster of Energy, Parviz Fattah, says the legal procedure for
> privatizing seven of the country's power plants has commenced.
>
> The Energy Ministry has already provided Iran's Privatization Organization
> (IPO) with the required information for transferring these power plants to
> the private sector, Fattah told reporters on Thursday.
> http://www.presstv.ir/Detail.aspx?id=19689&sectionid=351020103

Yes, but, again, sold to whom on what terms? "[T]he most interesting part of these miracles is the type or the nature of the private sector that under the support of the Ahmadi-Nejad government is taking over the national wealth. One of the privatized power plants is in the West Azerbaijan province. Who is the purchaser? Of course the Mostaz`afaan (Deprived) Foundation! His same foundation contracted out the plant projects to some of the companies associated with the Revolutionary Guard. These parasitic foundations and the companies associated with the Revolutionary Guard are those "private sectors" that Ahmadi-Nejad's government has focused its energy to serve," says the Tudeh Party in exisle (at <http://www.politicalaffairs.net/article/articleview/5677/1/275/>). In Iran, "privatization" often means transfer from one branch of state to a para-statal organization ("foundation") or even just another branch of state, if it is not through so-called "justice shares." There isn't much of "private sector" to speak of in Iran, and those few Iranians who are truly rich tend to prefer to take their money out of Iran and invest in Dubai and places like that (or more recently try to get richer by taking advantage of real estate bubbles). -- Yoshie



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