Electricity shortfall drains Rouhani’s growth drive - FT.com:
"Plunging oil prices have already undermined Iran’s fledgling economic recovery. But another energy issue is also holding back President Hassan Rouhani’s attempts to revive the country’s underperforming industrial base: a lack of power-generating capacity.
“It is absolutely wrong to think we can achieve economic growth without having sufficient electricity production,” Hamid Chitchian, Iran’s energy minister, warned recently. “The electricity sector has consistently been weakened over the past five years and investment has dramatically decreased.”
Decades of heavy government subsidies have left Iran with high levels of energy consumption — per capita consumption of electricity is about 2,160 kilowatt hours compared with 1,300 kWh for neighbouring Iraq."
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