Pakistan, Iran working on electricity import projects
Pakistan and Iran are developing two energy projects for electricity import, Pakistan's Prime Minister Nawaz Sharif told RIA Novosti.
"Two large energy projects are being developed for importing 1,100 megawatt of electricity," said Sharif. "Both sides are studying the technical and financial aspects of the project."
Executive director of National Iranian Gas Export Company (NIGEC) Alireza Kameli said that the first contract on electricity export was signed between NIGEC and Iran's private company in January 2015.
He added that the initial agreement on converting gas into electricity has been signed recently with four more Iranian companies.
Moreover, Kameli said that currently, Iranian companies actively study the electricity market in such countries as Afghanistan, Pakistan, Iraq and UAE.
Nawaz Sharif for his part added that currently, the two countries have a joint project under which Pakistan receives electricity from Iran.
"Additional supplies with start in 2016 following the modernization of the infrastructure."