Iranian Government Pushes For 20% Renewable Electricity Supply Goal

- Advertisement -
- Advertisement -
  • The construction of more than 10,000 megawatts (MW) of power plants has been started
  • The Iranian government has planned new programs to expand the country’s power grid to cover the new power plants

The Iranian government has recently requested that its executive bodies follow the necessary steps to supply 20 per cent of their electricity needs through renewable sources within the next four years.

According to a recent announcement, all executive entities covered by Article (5) of the Civil Service Law must ensure that five per cent of their electricity consumption comes from renewable and clean energy sources starting from the upcoming Iranian calendar year (beginning on March 21). This requirement will gradually increase to 20 per cent, with a yearly increment of five per cent over four years.

Failure to comply with this directive will result in these entities being charged for the excess energy consumed, calculated based on the highest electricity rate at the Green Electricity Board of the Iran Energy Exchange during the month prior to billing.

- Advertisement -

Currently, renewable sources, including hydropower, contribute approximately seven per cent of Iran’s total energy production, while natural gas dominates the energy landscape with a 90 per cent share.

Earlier this month, Iranian Energy Minister Ali-Akbar Mehrabian said that his ministry follows good plans to develop the country’s renewable power plants.

Mentioning a plan for the construction of new renewable power plants across the country, the energy minister said: “The construction of more than 10,000 megawatts (MW) of power plants has been started, and one is being put into operation every day,”

Mehrabian said the ministry is also implementing new programs to expand the country’s power grid to cover the new power plants.

In late December, Iranian President Ebrahim Raisi ordered the beginning of a project to construct solar power plants with a capacity of 4,000 MW across the country.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

How Effective Will The Global Biofuel Alliance Be?

0
From environmental benefits to economic opportunities, the potential of biofuels in revolutionising our energy landscape. India has made history by hosting the 18th G-20 summit...
Marina

Investments In Drone Industry Decline To US$1.7 billion

0
The 2023 data now separates drone company funding from AAM/eVTOL funding, which significantly boosted the total in 2020 and 2021. Drone companies received US$1.7 billion...

“Now’s A Great Time To Make In India”

0
In news and in current affairs relevant to the current geopolitical situation, India is emerging as one of the fastest-growing electronics manufacturing services nations...

Buzz

Quantum Circuits Logo

Quantum Circuits Appoints Ray Smets As CEO

0
His contributions to mobile networking technology have earned him over ten international patents. Quantum Circuits, Inc., a pioneer in fault-tolerant quantum computing, has announced the...

Jakson Green Signs Power Purchase Agreement With SECI

0
It is estimated to power 100,000 households annually, reduce 188,000 MT of carbon emissions each year, and boost job opportunities. Jakson Green, a leading player...

ZF Expands Aftermarket Commercial Vehicle Range With ADAS Sensors

0
Advanced Driver Assistance Systems (ADAS) are gaining traction in the commercial vehicle market. Since 2015, trucks have been required to have automatic emergency braking...

Important Sectors

Feb EV Sales: Electric Car Sales Decline, Startups Rise Once Again

0
Electric two-wheelers and electric three-wheelers continue to dominate the electric vehicle sales figures in India. Electric car adoption, on a larger scale, seems to...

Jakson Green Signs Power Purchase Agreement With SECI

0
It is estimated to power 100,000 households annually, reduce 188,000 MT of carbon emissions each year, and boost job opportunities. Jakson Green, a leading player...

ZF Expands Aftermarket Commercial Vehicle Range With ADAS Sensors

0
Advanced Driver Assistance Systems (ADAS) are gaining traction in the commercial vehicle market. Since 2015, trucks have been required to have automatic emergency braking...

Samsung Semiconductor India Research Launches New R&D Facility in Bangalore

0
The facility spans 1.6 lakh square feet across four floors and is designed to accommodate around 1,600 employees. Samsung Semiconductor India Research (SSIR) has inaugurated...
Intel, Digital India, CPU

Intel Eyes AI For Standalone Programmable Chip Unit Altera

0
The contract manufacturing customers, including Intel's own business units, may receive favorable pricing.  Intel's standalone programmable chip unit, Altera, is eyeing a significant opportunity in...

Manufacturing

Union Cabinet Approves CG-Led JV Proposal For OSAT Facility In Sanand

0
CG Power owns a 92.3% stake, while Renesas Electronics and Thai OSAT provider Stars Microelectronics will have 6.8% and 0.9% equity, respectively in the...

Govt Sanctions 3 Semiconductor Plants; Rs 1.26 Lakh Cr Investment

0
The Dholera (Gujarat) semiconductor fab will produce 50,000 wafers monthly. In contrast, the Morigaon (Assam) and Sanand (Gujarat) units will assemble, test, monitor, and...

“Now’s A Great Time To Make In India”

0
In news and in current affairs relevant to the current geopolitical situation, India is emerging as one of the fastest-growing electronics manufacturing services nations...

MeitY Secretary: Domestic Semiconductor Manufacturing Is The Next Big Thing

0
At the India Digital Summit (IDS) 2024, S Krishnan, Secretary of MeitY, highlighted that India is on the brink of a major move towards...

Tata Picks Somerset For UK Battery Plant

0
The Bridgewater factory, operated by the subsidiary Agratas, will initially produce batteries for JLR and Tata Motors; with a capacity of 40GWh, it will...