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Page added on July 30, 2008

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Drought triggers energy crisis in Iran

Iran is considering raising electricity prices five-fold as early as September in order to curb domestic consumption as it grapples with a power crisis brought on by the worst drought to hit the country in more than a century.


The drought has caused hydroelectric output to fall 75 per cent, Alyssa Rallis, an economist with the energy consulting firm Global Insight, said in a new report. In partial compensation, the mostly gas-fuelled thermal power plants have increased production by 25 to 27 per cent, she said, citing Fars News.


The drought, which had also cut agricultural production by 13 million tonnes since the start of its fiscal year in April, pushing up food prices, had highlighted the larger energy problem, which was



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