Private investment in the loss-making power sector is almost zero, deputy head of the board of directors of the Power Generation Companies Syndicate said.
“Lack of investment in the key industry will be catastrophic in the near future. Come 2023 nationwide outages will become a permanent feature,” Ebrahim Khoshgoftar was quoted as saying by Barq News website.
It seems the government is undecided or confused, he added, about redefining electricity as a commodity (requiring minimal government intervention in the market beyond measures to ensure fair competition) or a social service (requiring government to intervene or even control delivery systems, he said.
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