Energy Minister says Iran will export electricity to India

Business Materials 5 March 2012 10:43 (UTC +04:00)

Iran is ready to export electricity to India, Iran's Energy Minister Majid Namjoo said, ISNA reported.

Namjoo stressed mutual cooperation with India in new energies, noting Iran's Ministry of Energy is ready to start cooperation with India.

He continued Iran plans to make investment to generate more than 1000 MW power through renewable energies.

Namjoo in the meeting with Indian new and renewable Energy Minister said, Iran can export the locally-generated electricity to India, stressing, "All neighboring countries seek Iran's electricity."

The Iranian minister called for Indian private sector's investors to make investment in generating electricity, saying Indian private companies can start the relevant activities to cooperate in renewable energies to establish new energies' pilot projects.

Namjoo noted Iran enjoys the capacity to establish 60,000-megawatt solar power plants as well as 40,000-megawatt wind farm.

He stressed the high capacity of the two countries to make investment for building joint renewable power plants and promoting know-how level.

Indian Minister for his part expressed India's readiness to cooperate with Iran in generation of electricity though renewable energies, adding the opportunity can help boosting mutual cooperation in the field.

Edited by: S. Isayev