IEB: which city in the world has the cheapest subway system? A clever reader: Tehran! otherwise why should you have started an Iranian economic newsletter with this question?! IEB: Wrong! The correct answer is “Pyongyang”. […]
Mining bitcoins has become very much trendy in Iran due to cheap and subsidized electricity. Over the past few weeks, news came after news about where bitcoin farms have been detected. Although there is no […]
In order to encourage investments in renewable power plants, the government increases its buying tariffs. “We are going to increase tariffs by 30 to 40 percent during peak hours”, says Mohammad Sadeghzadeh, Head of Renewable Energy […]
The Energy Minister, Ali Ardakanian, introduces the unrealistic tariffs for water and electricity as the main drives for overconsumption. “Our models in consumptions are improper. Although the temperature for thermal comfort is defined to be […]
Although unannounced power outages cause inconveniences for households, they lead to massive losses for manufacturers and industries. Taadol newspaper highlights the losses suffered by workshops located in industrial towns. The losses are the greatest for […]
Planned power outages will continue until the weather cools down, the Ministry of Energy announced. Each degree rise in the temperature leads to 1500 MW increase in consumption, said Deputy Minister of Energy, Homayun Haeri. […]
Tavanir Co. has announced plans by the Ministry of Energy to control energy consumption in peak hours during summer. With the weather getting hot from June to September, the consumption of electricity increases significantly and […]
Members of the Electricity Syndicate have warned the Ministry of Power that recent currency fluctuations will lead to 100 power plant projects shutting down which can lead to outages. Shargh writes, an industry which used […]
The Ministry of Industries, Mining and Trades has announced this year’s top exporters, according to the previous Iranian fiscal year, i.e. March 2016 to 2017. Each company is graded based on its own industry. The […]
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