NEWS
Energy   Electricity  

Iran Expecting Two-Fold Rise in Hydro-Electricity Generation this Summer

Iran will increase its generation of hydro-electricity by 106% this summer, Deputy Energy Ministry for Water and Wastewater Affairs Qassem Taqizadeh Khamesi said.

With the earlier studies made in this regard, it is predicted that the generation of electricity in hydroelectricity power plants of the country would hit 5,300-megawatt, Taqizadeh Khamesi said on Tuesday.

However, considering the proper precipitation and recent flash floods in the country, it is anticipated that energy production by hydroelectricity power plants will hit 10,000-megawatt, recording a 106 percent growth, he added.

Also, the deputy minister of energy called on people of the country to observe the consumption pattern of drinking water since the status of next year's precipitation is not known yet. 

Back in early February, Iranian Energy Minister Reza Ardakanian said that the power generation of the country has increased by 11.4 times since the victory of the Islamic Revolution in 1979.

Ardakanian said that Iran has moved up 24 ranks in terms of generation of electricity in the past forty years.

According to statistics, Iran’s rank of power generation in the world promoted from 38 to 14 and presently, the Ministry of Energy is exchanging electricity with its neighbors.

He made the remarks on February 02 in a press briefing held at the venue of the Ministry of Energy where evaluated the performance of his ministry in the past forty years and added.

“With coordination made in this regard, a contract will be inked between Iran and Iraq for exporting electricity from the Islamic Republic of Iran to this neighboring country in a three-year plan,” added the Iranian official.

This level of cooperation will include the construction of a power plant, modernization of power plants and reduction of power grid losses in Iraq as well, he maintained.

He drew a comparison between performance of the Ministry of Energy before and after the Islamic Revolution and said, “The power capacity installed hit from 7,000 megawatts electricity in early years of the Islamic Revolution to 80,000 megawatts, showing a considerable 11.4 fold hike.

Currently, suitable power generation capacity has been paved for the private sector companies working in the field of power industry, he said and emphasized that the number of power generation companies in the country hit from 65 in early years of the Islamic Revolution to 875, showing a significant increase.

Ardakanian reiterated that giant steps have presently been taken in the sector of electricity generation in the country which is incomparable to the early years of the Islamic Revolution.

Iran is currently supplying Iraq, Afghanistan and Pakistan with electricity, CEO of Tavanir Company Mohammad Hassan Motavallizadeh said on January 04, adding that the country is poised to double the volume of its power export to neighboring countries.

CEO of Tavanir Co., in charge of development of electric power generation, said that the bulk of electricity that Iran is currently exporting to other countries is too little compared to the generated volume, adding that the country presently has the potential to double the bulk of its exports.

Motavallizadeh said that Iran is currently exporting over 1,000MW electricity to neighboring countries, noting that the major importer of Iran’s electricity is Iraq, followed by Afghanistan and Pakistan.

He maintained that only a very small amount of generated electricity is being exported, adding that Iran can increase the bulk of its electricity exports if neighboring countries would like to place an order for more imports.

According to reports, it is predicted that Iran’s export of electricity would hit $33 billion by the Iranian calendar year of 1404 (March 21, 2025- March 20, 2026).

On December 31, Pakistan’s Minister for Power Omar Ayub Khan, in a meeting with Tehran’s Ambassador to Islamabad Mehdi Honardoost, underlined his country's willingness to import more electricity from Iran.

Ayub Khan said that Pakistan is ready to hold negotiations on the renewal of the agreement on 100MW electricity import to its border province of Baluchistan.

The two sides stressed the need to continue joint efforts in the power sector on both power generation and transmission.

Honardoost, for his part, noted that Iranian companies and contractors are ready to take part in the neighboring country’s power sector.

Last year, Iran expressed readiness to provide up to 3,000 MW electricity to Pakistan.

However, according to Ayub Khan, there is a problem on Pakistan side because importing such quantity of electricity requires a robust transmission system, which requires a lot of investment.

News No: 4683
Date: 2019/05/30 - 17:43
News Source: Fars News Agency

Electricity  Energy  Qassem Taqizadeh Khamesi  Pakistan  Ayub Khan 

Comments:

Leave a Comment:

   
   
   
 

Pakistan Budget FY20 : What Does it Mean for Steel Sector ?

SteelMint learned in recent conversations with industry participants that Pakistan’s government has declared its fiscal year 2020 budget yesterday.
 

Global Ferrous Scrap Market Overview - Week 23, 2019

Global ferrous scrap markets witnessed downtrend on poor demand this week. Turkish steelmakers remained away from trading activities on public holidays. South Asian market showed little activity with India witnessing limited deals at lowered prices while Pakistan and Bangladesh remaining silent on Eid Holidays.
 

New Energy to acquire project near Codelco’s and BHP’s mines in Chile

Canada's New Energy Metals (TSXV: ENRG) announced that it entered into a letter of intent with certain arm’s length vendors to be granted the exclusive right and option to acquire an initial 70% royalty-free interest in and to certain exploration and exploitation mineral concessions known as the “Exploradora North project.”
 

Serious Coal Shortage Expected in Near Future

Iran’s domestic coal consumption revolves around 2 million tons per year, 1.5 million tons of which are supplied by domestic production while the remaining 500,000 tons are imported.
 

Natural Gas Demand to Slow

The world’s appetite for natural gas grew at the fastest pace since 2010 last year, but that blockbuster growth is shifting into lower gear, according to the International Energy Agency.
 

Indian Secondary Rebar Market Observes Limited Demand

Indian secondary rebar demand remained subdued across region with limited buying interest from traders & retailers amid higher inventory levels seen from major supplying regions as price level reduced by INR 400-800/MT across regions.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners