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Iran may increase electricity export through private sector’s support

Business Materials 21 August 2019 14:49 (UTC +04:00)

Baku, Azerbaijan, Aug. 21

By Elnur Baghishov - Trend:

The export of electricity may be increased in Iran in future through private sector’s support, Iranian MP Ali Gholmoradi said.

However, presently, Iran's power industry is in need of the state support in all spheres, Gholmoradi added, Trend reports referring to the Iranian parliament’s website.

He noted that the government should maximally use its potential to increase electricity export. Income and job places in the country will increase as a result of an increase in electricity export, he said.

The Iranian MP added that the equipment of the Iranian power plants is outdated. Until this equipment is not renewed, there is no hope for Iran to increase its electricity production and export.

Gholmoradi said the red tape hinders the development of renewable-energy industry.

However, according to three scenarios of the Iran Electrical Industry Syndicate, income from electricity export should reach $17 billion, $22 billion or $33 billion in Iran till 2021, he stated.

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