Iran eyes exporting power to Europe through 2 routes

Business Materials 22 July 2016 16:19 (UTC +04:00)

Baku, Azerbaijan, July 22

By Emil Ilgar – Trend:

Iran is eyeing to export power to Europe through two routes, Deputy Energy Minister Houshang Falahatian told Fars July 22.

He said one of the routes is the Azerbaijan-Russia corridor and the other one is the Armenia-Georgia-Russia corridor.

Falahatian said the infrastructure for the Iran-Azerbaijan-Russia-Europe route has been completed and its section inside Iran is ready.

As for the Armenia-Georgia-Russia corridor, Iran has started construction of infrastructure inside the country and the project is expected to be completed in 18 months.

“The project will increase the electricity deliveries to the Armenia-Georgia-Russia-Europe route from the current 350 megawatts (MW) to 1,200 MW,” he said.

Iran’s nominal power generation capacity stands at 75,000 MW, but it is preparing to increase this volume to 101,000 MW by 2021, putting $15 billion investment in new power plants’ construction and $5 billion for construction of power transmission and distribution grid.