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 ...

Iran LPG Shipments Reach 400K Tons
Iran's LPG shipments lifted or due for lifting in May fell...
BP Suspends Work on Rhum Gas Field
BP has stopped work on Rhum Gas Field in the North Sea, which...
Gasoline Consumption Up 8 Percent
Gasoline consumption in the second calendar month that ended...
EU Eager to Avert New US Sanctions
The European Union states have the political will to implement...
Oil Prices Slip on Potential Easing of OPEC Supply Curbs
Oil prices eased on Wednesday as the possibility of higher...
Austria's OMV Stands by Iran Project
Austrian energy group OMV is continuing with planned Iranian...
Crude Exports on a Mild Hike
Iran's crude exports have been experiencing a modest increase...

Trending

Googleplus