Iran in talks to export electricity

Business Materials 16 March 2015 16:50 (UTC +04:00)

Baku, Azerbaijan, Mar. 16

By Khaild Kazimov - Trend:

Managing Director of Iran's National Gas Company Alireza Kameli has said that the company is holding talks with three foreign companies on launching gas-propelled power plants and exporting their electricity.

The official said that the company has so far held talks with six Iranian companies on launching oversees power plants and exporting electricity, SHANA news agency reported March 16.

The talks follow Iran's major policy on what it calls 'resistance economy', which is aimed at increasing its economic performance under international sanctions.

After the policy was outlined by the Iranian Leader Ayatollah Ali Khamenei, the Oil Ministry announced that it is trying to diversify its revenues, one way to do which is to turn gas into electricity for export, a move to meet the requirements of the leader's guidelines.

The nine Iranian and non-Iranian companies are required to locate places for building power plants where they would easily receive gas from the Iranian National Gas Company and also export the power to neighbor countries.

Talks with one of the companies have so far lead to signing a contract.

Power generation capacity in Iran has grown by seven percent annually during the past 10 years.

Iran's total electricity generation currently stands at 70,000MW.

The Islamic Republic currently trades power with Turkey, Azerbaijan, Armenia, Turkmenistan, Pakistan, Afghanistan and Iraq.

Edited by CN