Iran's energy sector review

For a country like Iran with an 8-percent power consumption growth annually, managing the power generation is vital. Iran plans to boost the efficiency of thermal power plants, which shares 57.5 GW of the country's total 68 GWh power generation capacity. Hamid Chitchian, Iran's Energy Minister told Shana on March 4 that some 120 trillion rials ($4.8 billion based on official USD rate in Iran on March.4) has been allocated based on pay-back contracts during current fiscal year's budget law to increase the efficiency of thermal power plants (TPP). Iran's fiscal year started on March 20, 2013. Some 120 trillion rials were allocated in the next year's budget law to improve TPPs' efficiency as well. He went on saying that the TPPs' efficiency is aimed to increase from its current 37.5 percent to 50 percent. Iran's TTPs produces 57.5 GW electricity, equal to 210 GWh, and shares about 85 percent of the country's total electricity generation c

During Iran's ex-President Mahmoud Ahmadinejad's presidency the oil officials kept warning about the high rate of gas consumption in the country. They used to stress the importance of cutting gas consumption, saying that Iran's gas consumption is equal to that of the European Union. On March 2, the managing director of Iranian Fuel Conservation Company, Nasrollah Seifi, repeated the claim. He said that households' consumption accounts for the lion's share of the country's total gas consumption. He went on to note that Iranians currently pays only 16 per cent of the real price of natural gas and the government pays for the rest in the form of subsidy. According to him, the final price of natural gas after implementation of the subsidy reform plan should be around 18,700 rials per cubic meters. The figure currently stands at 700 rials. Iran's gas consumption equal to that of EU's? BP's annual report suggests that Iran's gas consumpti