4118
TPWWC Decries Subsidies
Energy

TPWWC Decries Subsidies

Tehran Province Water and Wastewater Company (TPWWC) requires $263 million in credit to cover the difference between the real and subsidized prices of water and wastewater services, the engineering, social and engineering department at the TPWWC said, IRNA reported.

Javad Hajiani Bushehrian highlighted the $41 million budget of the TPWWC in the present Iranian calendar year (ending March 2015) as "insufficient" and said the company's expenses are estimated at $263 million for next year.

"We have plans to attract private investors, but to do so, tariffs must be revised or more credit must be allocated to the TPWWC."

The current urban tariff system is based on a fixed fee that depends on the size of the connection pipe and the type of customer (household or other types), and on a volumetric charge based on increasing block-tariffs.

The budget is a serious hurdle against attracting investors, he noted.

TPWWC aims to raise funds by calling for public investment, attracting private investors and foreign finance.

The energy minister Hamid Chitchian proposed hikes in the price of water and electricity last October.

"Because of the substantial gap between the cost price of water and electricity and the revenues generated from the sale of power and water, the industry is facing problems."

Close to 3,000 water and wastewater projects have been carried out by the private sector in the provinces.

 

Short URL : http://goo.gl/ib71Eu

You can also read ...

US Intimidates Iraq to Kill Siemens Deal in Favor of GE
The Trump administration intervened to quash a $15 billion...
More Iranian Oil Tankers Head to China
An unprecedented volume of Iranian crude oil is set to arrive...
Asia Natural Gas Prices Rising
Asia's liquefied natural gas prices are set to go up on the...
Turkey Refiner Seeking Waiver for Iran Sanctions
Turkey’s top refiner, Tupras, is in talks with US officials to...
Iran Awaits CNPC Decision on South Pars
Terminating its contract to develop Iran's giant South Pars...
Iran: Contract Signed to Boost Oil Output in Sirri Region
Crude oil production in Sivand, Esfand and Dena offshore...

Trending

Googleplus