Azerbaijan, Baku, Feb. 28/ Trend M. Moezzi
Private electricity providers that are owed money are willing to accept shares instead of the $4 billion they're owed, Mehr reports.
Iran's Energy Ministry has suggested turning over unsold electricity and water shares to contractors and builders who are owed money. The head of the power industry's syndicate said the move could be possible
if the shares can be cashed in.
If the payments are approved by Iran's tax authorities the private sector companies will welcome them, said Hamid Reza Salehi, the head of Iran's Electrical Industry Syndicate (IEIS).
Last year, the ministry has paid about $200 million, or four percent, of its $5 billion debt, Salehi said. Private electricity producers could supply the public with cheaper electricity, but that will only
happen if the ministry is willing to turn over billing to contractors, he added.
Not getting paid is creating problems for domestic companies who have worked to increased Iran's electricity production capacity to 64,000 megawatts.