Gas instead of diesel in Kish Power Plant saved a billion

reporter 1222 — Mon, 27 Jan 2020 05:34:37 +0000

TEHRAN (Iran News) – By replacing diesel with gas in the Kish Power Plant, the country has saved an equivalent of $1 billion worth of diesel, said the head of the Iranian Offshore Oil Company’s Kish District.

Shahsavar Arghash said one of the major policies of Iranian Offshore Oil Company (IOOC) is to use the capacity of Iranian domestic and oil industry equipment manufacturers, reported Fars News Agency.

He said the project to replace diesel with gas in kish power plant began back in 2006. The gas, which was previously flared, was supplied from oil activities on Siri Island.

The official further said that so far the project had saved 15 million barrels of diesel.

Gas compressors in Kish Island can deliver up to 25 million cubic feet of gas.

Alireza Sadeqabadi, who heads the National Iranian Oil Refining and Distribution Company (NIORDC), said in September that Iran’s current production of gasoline, around 115 million liters a day, is enough to pump more than 500,000 tons of the fuel for monthly exports.

He said, however, that NIORDC is ready to increase the export capacity to three million tons a month to generate around 1.5 billion in revenues for the government.

The calculations provided by the official are based on figures obtained from sell-offs of several cargoes of gasoline at the Iran Energy Exchange (IRENEX).

Exports of gasoline and other oil products started in late August 2019 when authorities said there are growing demands from neighboring countries.

The growing sale of gasoline comes less than a decade after Iran decided to launch new production facilities or reprogram current refineries to cut imports of the fuel.

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Iran power plant capacity added by 3250 mw

reporter 1222 — Wed, 15 Jan 2020 05:58:55 +0000

TEHRAN (Iran News) – Despite sanctions imposed by the US on Tehran, Iran has increased its power plant capacity by 3,250 megawatts (MW) and expanded its power transmission network by 1,600 kilometers since the beginning of the current Iranian calendar year (March 2019).

In May 2018, President Donald Trump pulled the US out of the Joint Comprehensive Plan of Action, signed between Iran and the P5+1 in July 2015, and reimposed Washington’s sanctions on Tehran.

Mostafa Rajabi-Mashhadi, the spokesman of the Iranian Energy Ministry, added on Tuesday that domestic electricity consumption declined by 3,874 MW during the peak season (summer) in the current year through effective, observable and reliable management and daily coordination between the dispatching center and Iranian electricity distribution companies, IRNA reported.

He noted that thanks to collective efforts by those engaged in the domestic power sector, the national electricity network has experienced no extensive blackout for the past 16 consecutive years, thus becoming one of the best in the world in terms of reliability.

Avoiding blackouts over a long period of time is a sign that Iran’s electricity sector has significantly improved its reliability over the years, consistent with plans to increase output and to diversify generation sources, he added.

The performance of the electricity system in Iran is now much better than those in the US and at least 12 major European countries and several others, the Energy Ministry spokesman said.

Rajabi-Mashhadi said in addition since March 2019, power plant with a capacity to generate 100,000 MW of electricity has been repaired in Iran and the national transmission network has been equipped with 10,000 megavolt amperes of power transformers.

The official noted that since March 2019, the Energy Ministry has managed to pay around $1 billion to private contractors for debt settlements despite strained government finances that have come as a result of US sanctions.

Iran has a massive power industry with hundreds of power plants, many of them of the efficient combined cycle type, providing reliable and affordable electricity to households and industries across the country.

Iran has also become the main electricity exporter to countries of the region in recent years as actual production has exceeded 300 terawatt-hours which corresponds to less than half of the current installed capacity in Iranian power plants.

The industry has major plans for switching to renewables as experts believe a current one-percent share of the total output from solar and wind farms and other sources does not match Iran’s potential in the sector.

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Gas instead of diesel in Kish Power Plant saved a billion

Iran power plant capacity added by 3250 mw