Power trade volume drop by 40% in Iran Energy Exchange

Oil&Gas Materials 10 January 2016 16:49 (UTC +04:00)

Baku, Azerbaijan, Jan. 10

By Khalid Kazimov - Trend:

The volume of power trade in Iranian Energy Exchange has dropped by 40 percent between Jan.2-6 compared to the preceding week.

According to the Iranian energy ministry 204, 428 megawatt-hour (mwh) of electricity worth at 72 billion rials (about $ 23.875 million according to official currency rate on Jan. 10) was traded at the Energy Exchange during the mentioned period, IRNA news agency reported.

In total, 175.736 billion kWh of electricity was produced in 233 days of current fiscal year starting March 21, of which 5.845 billion kWh (-3%) was exported. Iran also imported 2.316 billion kWh (+14%) of electricity energy.

Iran added 592 MW of power production to its capacity to reach 73,744 MW during the current fiscal year, while an additional 1,700 MW power generation capacity is projected by March 20, 2016.

The Iranian government increased gas delivery to power plants to about 50 billion cubic meters (bcm) during the last year fiscal year, while about 20 billion liters of liquid fuels was burnt in this sector. Coming to the current year, Iran supplied gas power plants with 37.5 bcm (+13 percent) during 233 days of the fiscal year, started on March 21, while only 2.366 billion liters of diesel (-44.3%) as well as 3.513 billion liters of fuel oil (-29.5%) was supplied to power plants.