The government-affiliated Power Generation, Distribution and Transmission Company (Tavanir) and Iran Fuel Conservation Company, a subsidiary of National Iranian Oil Company, signed an agreement on Thursday in Tehran to expedite electrification of agriculture wells.
According to the Energy Ministry news portal, as per the contract 75,000 diesel farming wells are expected to be electrified by Tavanir at an estimated cost of $1.2 billion.
"The plan will help save 750 million liters of eco-unfriendly diesel per year, which can be exported to international markets at 30 cents per liter," deputy minister of energy Homayoun Haeri was quoted as saying, adding that the win-win collaboration is in the interest of environmental protection.
Not only does the initiative help burn less environmentally-unfriendly fuel and reduce air pollution, it also will decrease maintenance expenses, he said.
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