IRON and STEEL
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.
However, as the Secretary of Iran Coal Association Saeed Samadi said, with the addition of the country's steelmaking capacity and the number of blast furnaces next year (March 2020-21), domestic demand is expected to rise to 3-4 million tons, meaning a serious shortage will arise.
According to Samadi, Iran’s proven coal reserves stand at around 1.2 billion tons, ILNA reported.
“Around 90% of the world’s steel are produced using coal because it’s a cheap energy resource compared to oil products. But since in Iran, significant subsidies are allocated to oil and gas products, coal cannot compete with oil products,” he said.
National Iranian Gas Company (NIGC) is currently supplying 253 million cubic meters (mcm) of natural gas to the country’s power plants on a daily basis, five percent more than the average daily supply in the previous Iranian calendar month (ended on June 20), the spokesman of the National Iranian Gas Company (NIGC) said.
Iran’s Acting Industry, Mining, and Trade Minister Hossein Modares Khiabani said the ministry has it on the agenda to export $41 billion worth of non-oil commodities in the current Iranian calendar year (March 2020-March 2021).
In recent years, due to the government funding constraints and financial pressures, Iranian private companies have taken on the mantle of developing the country’s power plants including both large-scale thermal plants and small-scale renewable ones.
Iranian President Hassan Rouhani inaugurated three energy projects worth $2.14 billion in three provinces via video conference on Thursday, Shana reported.
Some 500,000 smart electricity meters have been installed for large-scale consumers across the country, IRNA reported quoting an official with Iran's Power Generation, Distribution and Transmission Company (known as Tavanir).
Nooshin Rahgozar, the commercial attaché of the Belgian embassy in Tehran, says that Pars Special Economic Energy Zone (PSEEZ) enjoys some high potential for investment making, Shana reported.