Iran has set up an aggressive growth plan to boost green energies as part of the country’s larger commitment to sustainability and economic diversification in the framework of its five year economic development plan between 2016 and 2021, reported Zawya citing a study compiled by Frost & Sullivan.
The target is to increase the nominal capacity of power plants from 74 GW to over 120 GW by the end of 2025.
According to the Financial Tribune, the plan is to address losses that the Iranian economy has suffered due to poor efficiency in the power generation and transmission infrastructure – over $200m per 1% loss during transmission.
Frost & Sullivan’s Business Development Manager, Ali Mirmohammad explained that minimizing these losses would involve “installing new generation high-efficiency turbines, design and construction of new GIS sub- stations, construction of high-voltage transmission lines,” in addition to larger plans for including renewable and green technologies into a larger share of the energy mix.
Iran is to offer incentives to attract the private sector to renovate obsolete power technologies and develop renewable and biomass energies across the country, wrote Trade Arabia.