With plans to celebrate its electricity industry's self-sufficiency, Iran announced it has completely stopped importing spare equipment and parts for its power plants.
Deputy Energy Minister Mohammad Behzad told Mehr news agency that the Iranian electricity industry's production, transmission and distribution operations have achieved 98-percent self-sufficiency despite the international sanctions leveled against Iran.
Although the design, engineering, installation and operation of electricity transmission and distribution equipment are entirely performed by Iranian companies, the industry is 96 percent self-sufficient in power plant generation.
Domestic companies' share in the electricity industry increased by 3 percent since Iran's new year began on March 20. That brings annual savings of foreign currency that would otherwise have been spent on imports to $100 million (USD) this year.
The government predicts it will become completely self-sufficient in the electricity generation chain by late year and plans to hold celebrations to mark the achievement.