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Lack of New Investment Can Impair Power Sector

Lack of New Investment Can Impair Power Sector Lack of New Investment Can Impair Power Sector

An estimated $1 billon is invested in power sector per annum, but to meet growing demand in coming years this should at the least double, the Energy Ministry spokesman for the power department said in Tehran.
“The number of electricity meters nationwide in household, agro and industrial sectors, which now exceeds 36.7 million, jumps by 1 million per year and lack of investment in the industry will not only hamper economic development but could also hinder normal life  in the rural and urban areas,” ISNA quoted Mostafa Rajabi Mashhadi as saying.
Installed power capacity of 84 gigawatts is enough to meet current demand, but lack of investment is causing concern and it is likely that the key sector could face serious shortages in the near future, he said.

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