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Iran rewards low energy consuming industries

Oil&Gas Materials 30 December 2021 11:05 (UTC +04:00)

TEHRAN, Iran, Dec. 30

Trend:

Since the beginning of the current Iranian year, Iran's Power Generation, Distribution, and Transmission Company (known as Tavanir) paid over $1.9 billion of rewards to Industries with low energy demands, said an official at Iran's state-run electricity firm Tavanir, Trend reports citing IRNA.

An official at Tavanir Company Abdol-Amir Yaghout said that the electricity consumption has decreased by 841 MW due to a change in working hours.

Yaghout said that the recent changes in electricity consumption patterns have caused the growth of nearly 315 percent growth of energy saved and 40 percent in rewards paid to the industrial sector.

Power generation in Iran costs nearly $700 per kilowatt-hour, he said.

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