Growth in Export of Power Generation Equipment

Growth in Export of Power Generation EquipmentGrowth in Export of Power Generation Equipment

Export of electricity equipment constituted one percent of Iran's overall exports in the past 10 years, director of the office for promotion of exports at the Trade Promotion Organization of Iran (TPO) said on Thursday, ILNA reported.

Mahmoud Bazari said export of power generation equipment saw an 11 percent increase in the March-January period compared to the same period last year, generating nearly $250 million.

He stressed on the country's huge potential to increase power output with the help of new thermal and hydroelectric plants along with plants that feed on renewable energy.

The official highlighted access to the latest technology, inexpensive resources and efficient human resources as advantages of the electricity market. Iran ranks first in the Middle East in terms of power generation and 14th when it comes installed capacity of 72,000 MW.

It is the largest exporter and importer of electricity in the Middle East and exports power to five nations, namely Armenia, Pakistan, Turkey, Iraq, and Afghanistan.

According to a report by Mehr news agency on Thursday, Iran exported 1095 MW electricity to the five neighbors and imported 360 MW from Armenia and Turkmenistan over the past week.

The managing director of Tous Gas Power Plant in Khorasan Razavi Province said his plant produced 3.7 billion kilowatt of electricity in the past 11 months, nearly 12 percent more than the same period last year.

Mohammad Nemati said Tous is the third biggest power plant in Ian, supplying electricity to Khorasan Razavi, Golestan and Sistan and Baluchestan provinces.

  High Consumption

Ten percent decrease in power consumption would translate into $5.8 billion saving, a deputy at the Basij (volunteer) organization said Thursday.

Mohammad Amirkhani called for judicious consumption of electricity and said Iranians on average face 700 minutes of power outage annually, while the figure in the developed world is barely ten minutes. He said power consumption reached 50,000 MW in the outgoing Iranian calendar year (ends March 20), but would surpass 52,000 MW during peak demand. He recalled that 85 percent of power plants across the use fossil fuels to generate electricity.

Setting up new power plants and import of electricity are major means of meeting next year's demand, the official said, adding that negotiations are underway for the import of 500 MW electricity from the neighboring Republic of Azerbaijan.