India ready to import 5GW of electricity from Iran
Azerbaijan, Baku, Mar. 4/ Trend F.Milad/
India has announced readiness to import 5 gigawatts (GW) of electricity from Iran, the Iranian energy minister said on Sunday.
Мajid Namjou added that the two sides have been negotiating to find the most economically justified way to export electricity from Iran to India.
Iranian and Indian energy ministers are scheduled to sign a deal in Tehran today, aimed at exporting electricity from Iran to India, Mehr news agency reported, without giving further details.
By the end of the fifth five-year economic development plan (2015), Iran will boost its electricity generation capacity by 25 gigawatts to reach 73GW, Energy Minister Majid Namjou said on February 7.
The country's installed power generation capacity is currently about 64GW, he added.
Deputy energy minister Mohammad Behzad has said that the country's electricity exports would amount to $1 billion by the end of the current calendar year (March 19, 2012).
Iran currently exchanges electricity with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan and Iraq.