Iran electricity trade with neighboring countries decreases

Iran Materials 21 July 2014 13:33 (UTC +04:00)

Tehran, Iran, Jul. 21

By Milad Fashtami - Trend:

Iran electricity trade with its neighboring countries has decreased in summer compared to spring.

Due a sharp rise in the country's domestic electricity consumption, the energy ministry has been forced to export electricity to neighboring countries overnight.

Iran traded 1,424 megawatts (MW) of electricity with its neighboring countries on July 20.

Iran exported 1,352 MW of electricity to Afghanistan, Iraq, Pakistan, Armenia, and Turkey on the mentioned day, the Mehr News Agency reported on July 21.

The country also imported 72 MW of electricity from Armenia and Turkmenistan on the same day.

Iran's electricity trade balance on the mentioned day was 1,280 megawatts.

Iran exported 3,214.9 gigawatt hours of electricity to its neighboring countries in the first quarter of the current Iranian calendar year (March 21 - June 20).

The figure shows 12.43 percent increase compared to the same period of time previous year, Iran's IRNA News Agency reported on July 4.

Deputy Energy Minister Sattar Mahmoudi said in November 2013 that Iran annually exports 8 billion kilowatt hours of electricity to neighboring countries.

"The mentioned figure is about 3 percent of the country's total output," the ILNA News Agency quoted Mahmoudi as saying.

"Iran is currently among the world's top countries in regards to electricity control and transmission," he said.

Mahmoudi went on to note that Iran's production capacity has surpassed 70,000 megawatt hours.

"Iran has electricity ties with all the neighboring countries," he said, adding that Tehran eyes to export electricity to Europe via Armenia, Russia, and Azerbaijan.

"Iran has the potential to become an electricity hub in the region," he concluded.

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.

Iran currently trades power with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan, Syria, and Iraq.