Iran's power companies settle their $2.3B worth of gov't debts
Tehran, Iran, Feb. 20
The managing director of Iran's Tavanir (Iran Power Generation and Transmission Company) Mohammad Hassan Motavalizadeh has announced that the country power industry's government debts of $2.3 billion have been settled within the 11 months of this Iranian year (Started on March21, 2018).
Motavalizadeh made the remarks in a meeting with executves of power distribution companies, Trend reports citing Tavanir official website.
He cited the peak of consumption in the summer of this year and says that these companies should, with the appropriate planning, manage the allocated quotas and take the necessary measures to manage their consumption.
Referring to the efforts of distribution companies in managing demand and other ways to compensate for the lack of production, he said that these measures helped to reduce the costs of construction of new power plants and resulted in saving to pay large sums for the annual purchase of electricity from power plants.
"On the other hand, the 4-percent reduction in the country's electricity grid costs, has been accompanied by the construction of 2,500-megawatt new power plants and 8,000 billion cubic meters of fuel from the source of savings,” he added.
Motavalizadeh has also emphasized the importance of installing smart meters, and introduced the new Satkab company, as a supplier of key equipment.
Under the Ministry of Energy of the Islamic Republic of Iran, Satkab company was established to manufacture water and power equipment.