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Iran government plans dramatic increase in power prices

Business Materials 4 December 2016 16:13
Iranian government through its draft budget bill has proposed to increase the power prices by 67 percent in the coming fiscal year (starting March 21).

Baku, Azerbaijan, Dec. 4

By Khalid Kazimov – Trend:

Iranian government through its draft budget bill has proposed to increase the power prices by 67 percent in the coming fiscal year (starting March 21).

The draft bill has set the price of per kilowatt hour of power at 50 rial for the next year, Tasnim news agency reported.

The price of power in the current year stood at 30 rials, the report added.

The draft budget has put the price of US dollar at 33000 rials.

Iranian President Hassan Rouhani presented the government’s proposed budget bill to parliament this morning.

Currently Iran’s nominal and actual power generation capacity stand at 76 GW and 59 GW.

Iran plans to add 26 GW (gigawatt) to power generation capacity by 2021, of which 5 GW would be renewables.

Currently, renewables share 0.32 percent of Iran’s electricity generation capacity. Iran plans to generate 7-10 GW renewable power by 2025.

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