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Iran trades 1,451 MW of electricity with neighboring countries

Business Materials 22 October 2014 17:41 (UTC +04:00)

Tehran, Iran, Oct. 22

By Milad Fashtami - Trend:

Iran traded 1,451 megawatts (MW) of electricity with its neighboring countries on October 21.

Iran exported 842 MW of electricity to Afghanistan, Iraq, Pakistan, Armenia, and Turkey, Iran's IRIB News Agency reported on October 22.

The country also imported 609 MW of electricity from Armenia and Turkmenistan on the mentioned day.

The figures show that Iran's electricity exports on July 5 was decreased by 34 megawatt hours compared to June 22.

Iran exported over 6,152.8 gigawatt hours of electricity to neighboring countries from the beginning of the current year (starts on March 21) so far.

The figure shows a 0.37-percent increase compared to same period of time previous year.

Iran's electricity imports from neighboring countries also reached 2,124.6 gigawatt hours in the mentioned period, which is 3.89 percent less than previous year.

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 (263 billion Kwh).

"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.

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