...

Iran prepares special plan to cut electricity consumption

Business Materials 11 January 2015 13:04 (UTC +04:00)

Baku, Azerbaijan, Jan. 11

By Fatih Karimov - Trend:

Iran has prepared a special plan to cut electricity consumption.

Homayoun Haeri, Managing Director of Iran's Power Generation Transmission and Distribution Management Company (TAVANIR), said a special plan has been prepared to reduce the peak of electricity consumption by 4,000 megawatts in summer, Iran's Fars news agency reported on Jan. 11.

The plan is also aimed to reduce power dissipation to 10 percent over the course of one year, he noted.

It could also save 4 billion liters of liquid fuel and the same amount of water annually, he said.

According to the Iran's Energy Ministry's annual report, the country produced 263 billion kilowatt hours (KWh) of electricity, while it exported above 11.7 billion KWh and imported 3.7 billion KWh during the last fiscal year.

The Islamic Republic currently trades power with Turkey, Azerbaijan, Armenia, Turkmenistan, Pakistan, Afghanistan and Iraq.

Tehran seeks to become a major regional exporter of electricity and has attracted more than $1.1 billion in investments for the construction of three new power plants.

Latest

Latest