power supply

Iran steel, cement factories allowed midnight operation amid power shortage

Iran Power Generation, Distribution and Transmission Company (Tavanir) said steel and cement factories can operate from 12:00 midnight to 8:00 am and cut their electricity consumption by half.

Energy

Iran’s PMI indicates blackouts, raw materials supply as growth obstacles

Recurring blackouts and constraints in the supply of raw materials hampered business activity in Iran during the calendar month of Khordad (May 22 - June 21), according purchasing managers’ index (PMI) data released by the Iran Chamber of Commerce.

Macro Economy

Iran reduces electricity supply to industries to tackle power shortage

The Iranian government has decided to significantly reduce electricity supplies to industries as it struggles to minimize power outages in large cities during the current summer heat wave.

Energy

Iran blames crypto mining for blackouts

Head of Iran’s state electricity company Tavanir has blamed a fresh surge in illegal crypto mining activity in the country as a main cause of shortage in power supplies during hot summer days.

Energy

Iran starts importing power from Azerbaijan to tackle shortage

Iran is using limited supplies of electricity from neighboring Azerbaijan to prevent a recurrence of brief power cuts that surprised the households in large cities last month.

Energy

Iran suspends licensed cryptomining for 2 weeks to save power

Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered licensed cryptocurrency mining farms to halt operations for two weeks to lessen power shortages across the country.

Modern Enterprise

Iran, Russia renew agreement on Sirik power plant

Iran and Russia have renewed their agreement to construct Sirik Power Plant in Southern Hormozgan province, according to an official with Iran’s Thermal Power Plants Holding Company.

Energy

Iraq has no alternative for Iranian energy imports: Minister

The Iraqi minister of energy says he is optimistic his country will get second US sanctions waivers as Baghdad has no other alternative sources to replace the Iranian gas and electricity.

Energy

Iraq not seeking to substitute Iranian gas, electricity: Ambassador

The Iraqi envoy to Iran says although there are substitutes for Iranian energy, Baghdad maintains committed to imports from Iran and that is lookig for alternative ways of doing so.

Energy

Iran, self-sufficient in power plant construction: MAPNA Group

The announcement comes after the giant heavy energy infrastructure said it had designed, developed, produced and supplied from A-Z all components of a very vital gas turbine, called MGT-40.

Energy