Iran trades 1.4GW of electricity with neighbors in one day

Business Materials 29 March 2015 15:18 (UTC +04:00)

Baku, Azerbaijan, Mar. 29

By Fatih Karimov - Trend:

Iran traded 1.404 gigawatts of electricity with the neighboring countries on March 28.

The country exported 1069 megawatts of electricity to Afghanistan, Iraq, Pakistan, Armenia and Turkey, and imported 335 megawatts of electricity from Armenia and Turkmenistan, Iran's IRIB new agency reported on March 29.

Thus, Iran's electricity trade with the neighboring countries showed a positive balance of 734 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).