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Iran’s energy ministry sees $163 million income through fining consumers

Business Materials 21 August 2012 06:49 (UTC +04:00)
The Energy Ministry of Iran envisages it will earn two trillion rials (some $163 million) annually through fining those consumers whose electricity consumption exceeds normal levels, Energy Minister Majid Namjou said.
Iran’s energy ministry sees $163 million income through fining consumers

Azerbaijan, Baku, Aug.21/ Trend F.Milad/

The Energy Ministry of Iran envisages it will earn two trillion rials (some $163 million) annually through fining those consumers whose electricity consumption exceeds normal levels, Energy Minister Majid Namjou said.

The Iranian administration has prepared a bill allowing the energy ministry to fine those consumers who use more than normal levels.

"This income can be used to expand renewable sources of energy," the minister said.

Electricity consumption in Iran reached a peak of 38 gig watts (GW) on Friday, showing some 1.4GW growth compared to the same day in last year, the IRIB reported.

Electricity storage at national power plants stood at 1.7GW and the potential output reached 54.2GW, showing a 1.255GW rise compared to the same day last year.

Iran is the top electricity producer in the Middle East, an official with Iran Power Development Company said on July 9.

Mahmoud Dashtbozorg told the IRNA News Agency that the country is the 15th largest electricity producer in the world.

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