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Private Power Companies on the Edge, Says PGCS

Power generation cost, including production and transmission, is at least 3 cents per kilowatt-hour, but consumers are charged less than 1 cent per kWh – a government policy the private companies have long opposed
Private Power Companies on the Edge, Says PGCSPrivate Power Companies on the Edge, Says PGCS

Low power tariffs and the volatile currency market have put private electricity producers under mounting financial pressure, head of the board of directors of the Power Generation Companies Syndicate said.
"Private power producers who borrowed from the National Development Fund of Iran (the sovereign wealth fund) to build plants are now unable to settle their debts,” Mohammad Ali Vahdati was quoted as saying by Barq News.
Power generation cost, including production and transmission, is at least 3 cents per kilowatt-hour, but consumers are charged less than 1 cent per kWh – a government policy the private companies have long opposed. 
The government is supposed to pay the difference (2 cents per kilowatt-hour) to the power stations. However, it either does not pay, and when it does it is was long delays, the PGCS boss added.

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