Azerbaijan, Baku, Nov. 2 /Trend N. Umid/
Iran has accepted Iraq's demand on increasing the volume of electricity export by 500 megawatts, Iranian Deputy Energy Minister, Houshang Falahatian said, Fars news agency reported on Nov. 2.
He expressed hope that, two countries will sign an agreement on the issue in the new future.
"At the present, about 1,500 megawatts of electricity is being exported to Iraq daily," Falahatian said.
He added that, Iran exports some 11 billion kilowatt hours of electricity to its neighbouring countries annually, while imports three to four billion kilowatt hours of electricity mainly from Turkmenistan every year.
Falahatian also remarked that, Iraq has not paid yet its debts to Iran for electricity imports during last years.
Later in September, Iranian media outlets quoted managing director of Iran Power Generation Transmission and Distribution Management Company (TAVANIR), Homayoun Haeri saying that Iraq owes Iran some $400 millions for electricity imports.
Iran exports $800 millions worth of electricity to neighboring countries each year, he added.
Iran currently trades power with Turkey, Azerbaijan, Armenia, Turkmenistan, Pakistan, Afghanistan, Syria, and Iraq.
The country's power generation capacity is currently at 68.38 GW.
Iran 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.