But its hydropower capacity at the end of last year stood at 213.4 gigawatts, the highest in the world.

The reports also said Iran aims to raise its daily oil production to 4.28 million BPD by the end of the year, adding that Iran's oil fields have the capacity to increase production.

Powerchip will also allocate 50 percent of its 300-mm wafer capacity to wafer foundry by the year end.