Tavanir Has Few Options in Power Balance

Electricity consumption growth jumps between 5 to 7% per year, and to meet the rising demand power infrastructure (generation and transmission) should expand without interruption, head of state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) said.
“Expanding thermal plants, hydroelectric dams, nuclear power plants, wind turbines, solar panels as well as transmission and distribution lines and substations need at least $4 billion a year,” Mohammad Hassan Motavalizadeh was quoted as saying by Barq News website on Wednesday.
It is obvious that attracting funds of this type is far beyond Tavanir’s ability, he concurred.
Not trying to conceal challenges the huge utility company is facing, he said tapping into government financial sources is out of question as the administration itself is struggling with successive budget deficits due to low oil prices and the inability to collect its own money from crude oil exports due to the new US sanctions.