Azerbaijan, Baku, May 05/ Trend F.Milad/
Iranian President Mahmoud Ahmadinejad has approved drawing €500 million out of the National Development Fund to develop renewable energy plans, the IRNA News Agency quoted deputy energy minister Mohammad Behzad as saying.
Mohammad Behzad added that the sum will be paid to minor producers in the form of loans.
Iran is projected to export as much as 10 billion kilowatt hours (BkWh) of electricity in the current calendar year, compared to 8.6BkWh in the past year, Behzad said on April 30.
He noted that the value of electricity exports has increased by 40 percent since the beginning of the current year, which began on March 20, in comparison to the figure the previous year, the ISNA News Agency reported.
A number of countries, including Pakistan, Turkey, Iraq and Armenia have signed new deals to raise electricity imports from Iran, he said.
Behzad said on April 4 that the Iranian Energy Ministry has prepared plans to increase electricity generation capacity of national power plants by 5 GW in the current calendar year.
"Over 10,000 megawatts should be added to the generation capacity of hydroelectric and thermal power plants by August 2013," he added, the Fars News Agency reported.
By the end of the Fifth Five-Year Economic Development Plan (2015), Iran will boost its electricity generation capacity by 25GW to reach 73GW, Energy Minister Majid Namjou said on February 7.
The country's installed power generation capacity is currently about 64GW, he added.
Iran currently exchanges electricity with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan and Iraq.
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