Losses from power shortages and outages in Iran are estimated at $2 billion annually

Power outages and shortages continue in Iran, fueling dissatisfaction and protests; a problem that not only negatively affects people's daily lives but also has caused problems for various government and private institutions.

Mohammad Malaki, a member of the Electricity Producers Syndicate, estimated in a press conference that the damages and losses caused by power shortages and outages in the country are $2 billion annually.

At the same time, Ali Kamyar, the prosecutor of the Court of Accounts, says that a cryptocurrency mining farm was discovered in Tehran that consumed as much electricity as 10 provinces and the electricity company did not notice.

Some officials in Iran attribute electricity shortage problems to the production of cryptocurrencies.

This is while a member of the electricity producers' union says that the impact of this is not significant and that the most important factor in the blackouts is the lack of investment in the electricity production sector.

The continued blackouts and shortages of electricity in Iran have led to an increase in prices in various industrial sectors in Iran.

Ismail Kazemi Ghahi, head of the Materials Sellers' Union, says: Cement is scarce in the market and the price of each bag has reached 60,000 Tomans. If the power outage continues, the price of each bag of cement may reach above 60,000 Tomans.

Steel industry managers also point to the impact of the power shortage on reduced production and increased iron prices, saying that the power outage has caused billions in losses to the Iranian steel industry, and this issue is leading to an increase in iron prices in the country.

Less than a week ago, Tavanir Company announced a two-week closure of the cement, petrochemical, and steel industries to resolve the electricity shortage crisis.

There was also a shortage in the private sector and freelancers, and the electricity shortage has faced many losses for activists in this field, which could lead to the closure of their businesses.

Source: Voice of America