Abbas Ali Abadi, on the sidelines of the opening ceremony of the 26th International Electricity Industry Exhibition, announced an 11% increase in power supply to petrochemicals. This increase is part of the new planning by the Ministry of Energy to improve the country's energy infrastructure and attract new investments.
New Investment Attraction Program
The Minister of Energy pointed out that approximately $2 billion in new investment is being attracted to the electricity industry, stating: "The necessary grounds for investment in this sector have been prepared, and the required support for investors and the removal of existing barriers are on the agenda." These plans demonstrate the strong will of the Ministry of Energy to develop and modernize the country's electricity infrastructure.
Read more: National Petrochemical Company Seeks More Gas Supply by Implementing the Energy Pulse Campaign
He also emphasized the importance of distributed generation and the use of renewable energy, saying: "Iran also intends to continue this path with greater speed." In this regard, energy production from rooftop solar power plants has been considered as a solution to meet part of the electricity needs of households and industries.
Consumption Control and Optimal Energy Management
Abbas Ali Abadi announced regarding energy consumption management in the country: "For the first time in the history of the country's electricity industry, not only has the growth rate of consumption been controlled, but the demand for consumption has decreased by 2 to 3 percent at the beginning of the period." This reduction in peak electricity consumption, which dropped from 88,000 megawatts to 75,000 megawatts, is considered a significant step in protecting the environment.
He emphasized that currently no industry is without electricity, and the electricity supply to petrochemicals has increased by more than 11%, and in total, all industries have seen an increase of over 3% compared to the same period last year. This increase in power supply to petrochemicals indicates that this sector of the industry is given special attention as one of the important economic pillars of the country.
The Minister of Energy also pointed out the existing challenges in supplying fuel to power plants, saying: "The situation of fuel reserves has improved significantly compared to the beginning of the period, and efforts are being made in collaboration with the Ministry of Oil to fill the reservoirs." These issues reflect the government's serious determination to solve existing problems and improve the energy situation in the country.
Ali Abadi explained regarding the claims and debts of the electricity industry, stating that "our main challenge is not technical, but economic," and the Ministry of Energy is determined to settle these debts by selling its assets and supporting the sustainability of employment and production in the country.
Read more: Return of the Bid Boland-Shiraz Gas Pipeline to the Cycle of Operation · Orsted Announces Commercial Operations in the Revolution Wind Farm
