No need for Iran to import electricity meters

Business Materials 11 November 2018 16:04 (UTC +04:00)

Baku, Azerbaijan, Nov. 11

By Elnur Baghishov – Trend:

There is no need for Iran to import electricity meters after three electricity meter manufacturing companies began to operate in the country, Meysam Jalali, Director of Iran's Electronic Afzar Azma Company said in an interview with IRNA.

He said that there is a need for 2.5-3 million electricity meters per year in Iran.

Previously, such meters were imported from France and China.

As a result of the steps taken by Iran in this area, Iran can save $1 billion annually.

Jalali said that local products can compete with foreign products in terms of quality and price.

Before the Iranian companies entered this sphere, the price of each electricity meter was about 2,000,000-3,000,000 rials.

Electronic Afzar Azma Company meets about 85 percent of the needs of the local market while two other local companies - 15 percent, he said.

He said that 200,000 electricity meters worth nearly $1 million have been exported to Afghanistan, Iraq, Turkmenistan and Oman in the past two years.

The electricity meters will be exported to European countries in the future.