Iran seeks to expand energy export to region

Business Materials 29 May 2020 10:28 (UTC +04:00)
Iran seeks to expand energy export to region

TEHRAN, Iran, May 29


Iran's power export to neighbor countries is a good option to connect to global markets and develop international ties, said Director General of the Federation of Iranian Energy Export Industries.

" Iran's neighbors and regional countries are inclined to receive energy from Iran due to large amount of fuel gas in the country's power plants," said Hamidreza Salehi.

"Iraq has more dependency on Iran's electricity; despite the sanctions, the country has requested for extension of sanction wavers, although it has delayed payment for power on the pretext of US pressures," the director general said.

"Iran can export electricity to 15 neighbor countries and to other parts of the world, as the necessary infrastructures are not ready in Iraq. However, the new Iraqi government has created good opportunity for transferring technology and creating jobs," he added. "Meanwhile, Pakistan and Afghanistan are potential customers for Iran's power export."

"Electricity export can bring revenues to Iran, so the power transmission network should be expanded to eastern, northern and western neighbor countries," the official added.

"Iran can import cheap electricity in summer and sell it in winter to north European countries via Georgia and Russia, and there is a possibility to connect to the Mediterranean countries and become energy hub in the region," he said.