Iran plans to reduce power loss to below 10%

Oil&Gas Materials 8 March 2015 17:12 (UTC +04:00)

Baku, Azerbaijan, Mar. 8

By Fatih Karimov - Trend: Iran plans to reduce loss of electricity transmission and distribution to below 10 percent.

Iran's energy minister Hamid Chitchian said that the Energy Ministry plans to reduce loss of electricity transmission and distribution from October 2014 to October 2015 to below 10 percent, Iran's Shana news agency reported on March 8.

The growth of economic productivity has been emphasized as a priority by the Supreme Leader, he said.

He noted that the Ministry owes 240 trillion rials (about $8.5 billion based on the official exchange rate) to its contractors.

Head of The Energy Commission of Iran's Parliament Ali Marvi said on Oct. 27 that the efficiency of Iranian power plants is only 37 percent, while the figure stands at 80 percent in developed countries.

"Transmission and distribution losses amount to 15 percent in Iran," he said.

"The global average is around 10 percent," he added, noting that the energy ministry needs to find solutions to reduce the figure.

Iran 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.

The country's production capacity has surpassed 70,000 megawatt (263 billion Kwh).

Iran currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan, Syria, and Iraq.