Iran to establish special power plant to export renewable electricity to Afghanistan, Iraq

Business Materials 9 December 2018 15:48 (UTC +04:00)

Baku, Azerbaijan, Dec. 9

By Elnur Baghishov – Trend:

So far, the licenses were issued to three Iranian companies to establish a special power plant for exporting renewable electricity to Afghanistan and Iraq, Chairman of Iran's Renewable Energy and Energy Efficiency Organization Mohammad Sadeghzadeh said.

Seventy percent of equipment and technology of renewable energy power plants are produced throughout the country, Trend reports citing the Young Journalists Club.

The wind and solar power stations generate 80 percent of electricity in the first half of this Iranian year, Sadeghzadeh added.

Taking into account an increase in consumption in summer, the electricity price increases by 30-40 percent to 6,000 rials compared to 4,900 rials per kilowatt hour during other periods, he said.

Sadeghzadeh said that more than 2,000 small power plants have been commissioned so far.

Ninety power plants with a capacity of 670 megawatts were built, he said.

This shows the progress in this area, Sadeghzadeh added.

It is possible to create an energy market by using alternative and renewable energy sources, he added.

Sadeghzadeh said that revenues worth 12.8 trillion rials (about $304.7 million) are expected to be obtained from electricity generation.

So far, 5.8 trillion rials (about $138 million) were obtained from citizens, he said.

The remaining amount will be paid by the end of the year, Sadeghzadeh said.

Moreover, 4.2 trillion rials (about $100 million) were allocated for rural electricity and alternative and renewable energy sources, he added.