$30b of Savings in Consumption of Energy

The Iranian Fuel Conservation Company says the country plans to save up to $30 billion in energy bills by replacing old buses and taxis, shifting fuel for power plants from fossil fuels to natural gas, and providing electric motorcycles. The head of the company, Nosratollah Seifi said the parliament has encouraged the private sector to invest up to $100b in projects aimed at decreasing the country’s energy consumption.

Source: Financial Tribune

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