Iran's electricity export grows by 27 percent
Iran's electricity export has grown up by 27 percent during the first 11 months of the Iranian year, Ministry of Energy said, IRNA reported.
According to the website of the Energy Ministry, Iran exported 7,349 gigawatt-hours of electricity during the said period this year, up from 5,769 GWh last year.
Since the enforcement of subsidy plan, the consumption of electricity has decreased in the country, preparing ground for export of electricity to neighboring countries including Azerbaijan, Armenia, Pakistan, Turkmenistan, Turkey, Iraq and Afghanistan.
The subsidy reform plan has enabled the Iranian government to gradually reduce energy subsidies over the course of five years, with low-income families compensated with direct cash handouts.
The initial stage of the plan was implemented in October of last year when the Iranian administration deposited cash payments into bank accounts of eligible heads of households.
The International Monetary Fund has commended Tehran on its early accomplishments in cutting energy and food subsidies without triggering higher prices to fuel inflation.
Edited by: S. Isayev