Tehran, Iran, November 13
By Mehdi Sepahvand -- Trend:
Tavanir, the company responsible for the production, transmission and distribution of electricity in Iran, has come up with a package introducing foreign investment opportunities to the tune of $25 billion, Tavanir's CEO Arash Kordi has said.
The official said Iran needs seven to eight billion dollars worth of funds for electricity production and transmission sectors every year, Fars news agency reported on November 13.
He explained that the country's electricity industry needs to grow at a pace of five percent per year.
"Each year, we need to add at least 5,000 megawatts to the country's power production capacity," he noted.
Kordi further said with the lifting of economic sanctions, Iran's energy consumption is expected to grow by seven percent next year.
Iran is hoping to attract foreign cooperation to improve its power production efficiency.
The average yield of power plants in Iran is 37 percent. One of the power plants is working at under 20 percent efficiency, while the country's five power plants have a yield of 20 to 22 percent each.
Deputy Minister of Energy Hooshang Falahatian said on November 10 that the ministry plans to turn most of the country's power plants into the combined-cycle version, hoping to achieve a yield of 45 percent.
According to an October 30 report by Tavanir, the nominal power production capacity of power plants in Iran is as follows: steam 21.46 percent, gas 34.95 percent, combined-cycle 25.08 percent, hydroelectric 15.2 percent, atomic 1.38 percent, DG and CHP 1.02 percent, renewable energy 0.31 percent and diesel 0.6 percent. The total nominal capacity was, accordingly, 73,744 megawatts.
In the meantime, the total actual output hit 6,423 million kilowatt hours of electricity.
According to the report, the fuel consumed in power plants in the seven months since the start of the current Iranian fiscal year (March 21) was 40,671 million cubic meters of gas, 2,533 million liters of gas oil and 3,846 million cubic meters of fuel oil.