Iran Saves over $8 Billion in Fuel Consumption Using Hydroelectricity Power Plants' Capacity

Iran has managed to save $8 billion in the consumption of fuel using the energy generation capacity of the hydroelectricity power plants, an official at Iran Water and Power Resources Development Company (IWPCO) said.

News ID: ۸۲۸۶۲۱

04 March 2024

EghtesadOnline: The deputy CEO of the company for operation affairs said the energy generated by the hydroelectricity power plants in the country has saved more than $8 billion in foreign currency.

With this amount of foreign currency, it is possible to construct a hydroelectricity power plant with a 10,000-megawatt electricity generating capacity, Vahid Izadi added.

He went on to say that the hydroelectricity power plants, which generate clean and renewable energy, account for 15% of the country’s total electricity generation capacity.

The hydroelectricity power plants constructed by the company, in addition to preserving the stability of the country’s electricity grid, reduced the emission of greenhouse gases and contributed to combating global warming, he emphasized.

As the largest employer in the field of construction of dam and hydroelectric power plants, the Iran Water and Power Resources Development Company has used all its legal capacities for the construction and development of the hydroelectricity power plants despite the limited financial resources and the sanctions imposed against the country, he stated.

The company has a 75% share in the construction of hydroelectricity power plants in the country, Izadi added. / Tasnim