Azerbaijan, Baku, Feb. 24/ Trend F.Milad/
Iran will export up to $2 billion worth of electricity to the UAE, Qatar and Oman through subsea cabling, Deputy Energy Minister Mohammad Behzad was quoted by the Fars news agency as saying.
The Iran Offshore Oil Company (IOOC) struck a $3.8 billion deal with Iran's Power Projects Management Company (MAPNA) for the development of the Persian Gulf's Forouz B gas field and an associated gas-fired power project.
The development plan, which is set for completion within 5.5 years, aims to produce 1 billion cubic feet of gas, 10,000 barrels of condensates, and 3,000 megawatts per day of power in the first phase, MAPNA Managing Director Abbas Aliabadi told the Shana news agency.
Aliabadi was quoted previously as saying that the project will export a percentage of the power to neighboring countries.
By the end of the fifth 5-year economic development plan (2015), Iran will boost its electricity generation capacity by 25GW to reach 73GW, Energy Minister Majid Namjou said on February 7.
The country's electricity exports will total $1 billion by the end of this current calendar year (March 19, 2012).
Iran trades power with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan and Iraq.