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Iran’s Energy Exchange trades over 4 MWh of electricity

Business Materials 2 May 2017 21:52 (UTC +04:00)

Baku, Azerbaijan, May 2

By Farhad Daneshvar – Trend:

Iran’s Energy Exchange saw trading of 4.024 megawatt hour of electricity on Monday.

The total value of electricity traded at the country’s Energy Exchange on May 1 surpassed $38,000, Ibena reported.

While the country over the last Iranian calendar year (ended March 20) increased its power generation capacity by 2.5 gigawatts (GW), the capacity is projected to grow by 4.5 GW over the current year to post a nominal capacity of 81.1 GW.

The country needs to attract $50 billion in investment in its electricity sector, including $35 billion for power production and $15 billion for transmission projects.

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