Azerbaijan, Baku, August 18 /Trend/
Iran's power consumption has dropped by 10 percent thanks to the subsidy removal plan, Iran's journalist club reported Energy Minister Majid Namjou as saying.
"Due to the subsidy removal plan, Iran will have no problem to provide power by the year," he said.
Iran's current power capacity is more than 62,000 megawatts and according to the Fifth Development Plan (2010-2015) the volume increases by 5,000 megawatts per year, he added.
Iran's peak electrical demand reached 42,247 megawatts on Aug. 3.
The peak electrical demand is the greatest amount of electricity consumed by customers at any given time.
The Energy Ministry says since the removal of the subsidies has been started, the rate of power consumption in the country has dropped, which has created a good opportunity for exports.
Iran's electricity exports to neighboring countries within the first four months of the current Iranian calendar year increased by 20 percent.