Substantial Growth in Hydro, Biomass Power Purchase Prices

The state-run Renewable Energy and Energy Efficiency Organization (Satba) has substantially increased the guaranteed purchase prices for hydro and biomass power generated by private companies compared to 2021.
A new directive to raise tariffs (for private sector producers) was announced by Energy Minister Ali Akbar Mehrabian on Nov. 19 to promote investment, IRNA reported.
The minister noted that the new prices for generating electricity from hydropower stations have risen by 100% per kilowatt, increasing from 2.5 cents/kWh to 5 cents/kWh.
Iran has 60 hydroelectric power plants that account for 90% of renewable energy generated across the country.