Power Production Costs Not Expected to Rise

Iran’s rial devaluation against the US dollar is not expected to have a significant impact on the actual cost of electricity generated in the country, a deputy at Iran Power Generation, Distribution and Transmission Company said.
“Regarding the indigenization of power industry in Iran, domestic companies will not be affected very much by the fluctuations of the national currency against the US dollar,” Mahmoud Reza Haqifam was also quoted as saying by ISNA on Friday.
Haqifam added that the government has reassured power companies of meeting their US dollar needs at the rate of 42,000 rials, which will further help stabilize the actual cost of electricity.
The administration officially pinned the rate at 42,000 rials as of April 9 to put a stop to the rial's rapid devaluation.