Iran trades 1,934 MW of electricity with neighboring countries

Business Materials 14 December 2013 14:26 (UTC +04:00)

Baku, Azerbaijan, Dec. 14
By Rahim Zamanov - Trend:

Iran traded 1,934 megawatts (MW) of electricity with its neighboring countries on December 13, the IRNA News Agency reported on December 14.

Iran exported 1,726 MW of electricity to Afghanistan, Iraq, Pakistan, Armenia, and Turkey.

The country also imported 208 MW of electricity from Armenia and Turkmenistan on the same day.

Iran's Deputy Energy Minister Sattar Mahmoudi said in November that Iran annually exports eight billion kilowatt hours of electricity to neighboring countries.

"The mentioned figure is about three percent of the country's total output," the ILNA News Agency quoted Mahmoudi as saying.

"Iran is currently among the world's top countries in terms of electricity control and transmission," he said.

Mahmoudi went on to note that Iran's production capacity has surpassed 70,000 megawatt hours.

"Iran has electricity ties with all the neighboring countries," he said, adding that Tehran eyes to export electricity to Europe via Armenia, Russia, and Azerbaijan.

"Iran has the potential to become an electricity hub in the region," he concluded.

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 currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan, Syria, and Iraq.