Iran's daily electricity trade with neighbors exceeds 1.4GW

Business Materials 24 March 2015 11:25 (UTC +04:00)

Baku, Azerbaijan, Mar. 24

By Fatih Karimov - Trend: Iran traded 1.406 gigawatts of electricity with neighboring countries on the first day of the current Iranian fiscal year (March 21).

The country exported 942 megawatts of electricity to Afghanistan, Iraq, Pakistan, Armenia and Turkey, and imported 461 megawatts of electricity from Armenia and Turkmenistan, Iran's IRNA reported on March 23.

Iran's electricity trade with the neighboring countries showed a positive balance of 481 megawatts.

Iran is currently trading electricity with Armenia, Pakistan, Turkmenistan, Turkey, Azerbaijan, Iraq and Afghanistan.

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.

The country's production capacity has surpassed 70,000 megawatt (263 billion Kwh).

Edited by CN