Iran, despite being OPEC’s fourth-biggest crude oil producer, faces an unprecedented summer of electricity cuts as power plant disruptions and a lack of investment in new capacity leave output far below demand. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Power demand is exceeding supply by about 11,000 MW, forcing Tehran to impose unannounced power cuts for hours at a time when the need for air conditioning soars amid temperatures hitting close to 50 degrees Celsius on a daily basis. Climate change has also left parts of the country in drought, leaving no water for hydroelectric power plants, while US sanctions on the country’s energy industry have discouraged domestic and international investment. Iran […]