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Iran electricity exports up 35 percent

Business Materials 2 January 2013 15:01 (UTC +04:00)

Azerbaijan, Baku, Jan.2/ Trend F.Milad

Iran has exported 8.534 gigawatt hours of electricity to neighboring countries from the beginning of current Iranian calendar year (March 20, 2012) until January 1, 2013.

The amount shows 35.34 percent increase in comparison to the same period previous year, the IRNA News Agency reported.

The managing director of Iran power generation transmission and distribution management company (TAVANIR), Homayoun Haeri, announced on December 15 that Iran currently trades 12.3 gigawatt hours of electricity with neighboring countries.

Iran plans to boost its electricity cooperation with the Persian Gulf region's countries, the IRNA News Agency quoted Haeri as saying.

Haeri had said in January that Iran will exchange up to 15 billion kilowatt hours (BkWh) of electricity with its neighboring countries by the end of the current calendar year (March 19, 2012), up 50 percent year on year.

Iran seeks to become a major regional exporter of electricity and has attracted more than $1.1 billion in investments for the construction of three new power plants.

Iran's installed power generation capacity is currently about 67 gigawatts (GW).

The Energy Ministry plans to increase the electricity generation capacity by 5GW this calendar year, which ends on March 20, 2013.

By the end of the Fifth Five-Year Economic Development Plan (March 2016), Iran will boost its electricity generation capacity by 25 GW to reach 73 GW, Iranian Energy Minister Majid Namjou said on February 7.

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