Energy Ministry to implement 14 mega projects to tackle energy imbalance

The minister of energy announced the implementation of 14 mega projects by the Energy Ministry to address electricity imbalance in the country in the new Iranian calendar year (started on March 21).

Announcing implementation of these projects to successfully manage peak electricity consumption in the new year, Abbas Aliabadi said that one of the most important measures is making the electricity industry more appealing to the private sector and preventing excessive consumption by high-usage customers.

Additionally, specific plans in the fields of thermal power and renewable energy are on the agenda, whose execution could minimize the electricity imbalance problem during the hot season, he added.

Iran was tackling with significant energy imbalances as cold weather drived up demand, exacerbating fuel shortages and straining the country’s power plants. The government responded with systematic power outages across several provinces, highlighting deep-rooted challenges in the country’s energy infrastructure.

Alireza Kolahi Samadi, head of the Industry Committee at the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA), stated that $35 billion is required to address power shortages and modernize the country’s electricity grid.

Source: Tehrantimes