The private sector is reluctant to embark on power projects due to the Energy Ministry's refusal to levy attractive tariffs for electricity generation, the vice president of Iran Electrical Industry Syndicate said.
“As long as electricity tariffs do not increase, private investment in the loss-making power sector will not make economic sense,” Barq News also quoted Payam Baqeri as saying.
The private sector investment in electricity plans has become zero and will not change for the foreseeable future unless the ministry overhauls its age-old policies, he added.
According to the official, lack of investment in the key industry will be catastrophic in the near future. Come 2023, nationwide outages will become a permanent feature.
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