Iran trades 2,119 MWh of electricity with neighboring countries
Baku, Azerbaijan, May 29
By Umid Niayesh - Trend:
Iran has traded 2,119 megawatts hours (MWh) of electricity with neighboring countries on May 28.
The country exported 1,723 MWh of electricity to Afghanistan, Iraq, Pakistan, Turkey and Armenia, the country's IRIB news agency reported on May 29.
The country also imported 396 MWh of electricity from Armenia and Turkmenistan on the same day.
Iran currently trades power with Turkey, Azerbaijan, Turkmenistan, Armenia, Pakistan, Afghanistan, and Iraq.
The country 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.
Deputy Energy Minister Sattar Mahmoudi said in November 2013, that Iran annually exports 8 billion kilowatt hours of electricity to neighboring countries.
"The mentioned figure is about 3 percent of the country's total output," the ILNA News Agency quoted Mahmoudi as saying.
Iran's total electricity generation stood at 263 billion kilowatt hours during the 12-month period from March 2013 to March 2014, which indicates an increase by 3.6 percent compared the preceding year, according to the annual report of the country's energy ministry.
It should be noted that Iran's fiscal year starts on March 21.
The country's power generation capacity is currently over 70 gigawatts.