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Iran's Energy Ministry in debt to private sector for guaranteed purchase of electricity

Business Materials 27 July 2022 20:50
Iran's Energy Ministry in debt to private sector for guaranteed purchase of electricity

TEHRAN, Iran, July 27. The Chairman of Iran Electrical Industry Syndicate Payam Bagheri revealed the amount of Iran Energy Ministry`s debt to the private sector for guaranteed purchase of electricity, Trend reports citing Mehr.

Bagheri said that the debt of the Energy Ministry to private power plants has surpassed $14 billion.

He suggested that the Ministry of Energy pays the debts of small and medium-sized companies from the source of Distribution, and Transmission Company (known as TAVANIR), and the other companies - through the capital market.

Bagheri warned that the postponed debt threatened the supply chain of the electricity industry, which includes manufacturing companies, contractors, consultants, and suppliers.

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