Energy
0

Iran: Private Sector Role Highlighted in Green Energy

There is huge potential for harnessing renewable energy and increasing the tariffs would help win private sector trust and assist in infrastructure development
Iran: Private Sector Role Highlighted Back to Green EnergyIran: Private Sector Role Highlighted Back to Green Energy

Due to government funding constraints and financial pressures, private companies have taken on the mantle of developing renewable energy, head of Iran's Renewable Energy and Energy Efficiency Organization (SATBA) said.
"Since 2016 when the government called on the private sector to help develop renewables, installed capacity has risen by 70%," Seyed Mohammad Sadeqzadeh said, ISNA reported on Saturday.
Renewable energy production was around 300 megawatts in 2016. Now it is close to 750 MW and plans are underway to boost it further by 200 MW before the fiscal year is out in March.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com