The Majlis on Wednesday obliged the Central Bank of Iran to allocate $80 million for the electrification of agro wells. The CBI will make the funds available through commercial banks for the Power Generation and Distribution Company (Tavanir) and its subsidiaries to supply electricity to agricultural wells, Mehr News Agency reported.
According to the Energy Ministry, there are half a million legal and 320,000 illegal wells in Iran and the ministry has been equipping traditional wells with smart meters in recent years. Smart meters help regular and efficient monitoring of power and water consumption.
‘Smart’ or ‘intelligent’ wells are advanced wells with sensors and valves installed downhole to allow easy and systematic monitoring by utilities.
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