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Iranian minister urges higher energy prices

Iran Materials 4 February 2018 09:58 (UTC +04:00)

Baku, Azerbaijan, Feb. 4

By Khalid Kazimov – Trend:

Iranian Energy Minister Reza Ardakanian has called for increasing the prices of water and electricity in order to save the energy resources.

“With the low prices of water, we cannot expect the farmers to spend money on saving the water,” he told IRNA.

He further said that the country should organize the economy in the coming years in a way to deal with the shortcoming in water.

The Iranian government pays huge subsidies on water. According to the report, the country spends about 10,000 rials ($0.25) on per meter cubic of water but the consumers pay only 4,200 rials ($0.1) for it.

On the other hand, the government supplies per kilowatt/hour of power at 700 rials ($0.175) but it spends 1000 rials ($0.025) for the generation of it.

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