Iran to grant license to private sector to export power

Oil&Gas Materials 21 September 2018 16:06

Baku, Azerbaijan, Sept. 21


The managing director of Renewable Energy Organization of Iran (known as SUNA) said the country’s private sector could be licensed to export electricity.

“Currently, there is great potential in the country to export renewable energy,” Seyed Mohammad Sadeqzadeh told ISNA recently.

The energy minister, in a recent directive, called for signing guaranteed contracts in the field of renewables, he said.

“Therefore, private sector could be given permission to export electricity,” the official added.

Renewables, including hydropower, account for just six percent of energy generation, versus natural gas’ 90 percent share.

Overall, in the next five years, Iran is aiming for a 5,000 MW increase in renewable capacity to meet growing domestic demand and expand its presence in the regional electricity market.