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Iran plans to export electricity generated from natural gas to neighboring countries

Business Materials 21 June 2015 14:48 (UTC +04:00)

Baku, Azerbaijan, June 21

By Fatih Karimov - Trend:

Iran plans to export electricity which is generated from natural gas to its neighboring countries, said Alireza Kameli, the managing director of the National Iranian Gas Exports Company.

Iranian companies are planning to export electricity which is generated from natural gas to Turkey, Afghanistan, Pakistan, Iraq, and the United Arab Emirates, Iran's IRNA news agency quoted Kameli as saying on June 21.

The first contract for exporting electricity was signed last year with a privately-run Iranian company, he said, adding that four contracts have been signed so far with Iranian companies.

A couple of agreements were signed with Turkish companies last year, he noted.

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

Iran increased gas supply to power plants by 33.6 percent to about 49 billion cubic meters per annum (bcm/a) in last fiscal year.

The country is to increase natural gas delivery to power plants to 57 bcm in current year.

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