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Iran eyes Ukraine aid to improve its energy sector

Business Materials 8 March 2016 14:12 (UTC +04:00)

Baku, Azerbaijan, March 8

By Fatih Karimov - Trend:

Ukraine can take part in various energy projects in Iran to improve Iran's electricity sector, Hamid Chitchian, the Iranian energy minister said.

He made the remarks during a meeting with Ukraine's deputy Prime Minister Gennadiy Zubko and the country's Minister of Energy and Coal Industry Vladimir Demchishin in Tehran March 8, ISNA news agency reported.

Chitchian said that Ukraine and Iran can cooperate in the fields of renovation of steam power plants in Iran and building new steam power plants as well as improving the voltage level of Iran's high-voltage electricity network from 400 to 765 kilovolts.

He further said that Iran can provide Ukraine with needed equipments in energy sector, adding Ukrainian companies can purchase required transformers with high quality from Iranian firms.

The two countries can also cooperate in financing energy projects, in particular converting Iran's gas power plants into combined cycle plants, the Iranian minister said.

Demchishin, in the meeting, expressed hope that the Ukrainian delegation's visit will prepare grounds for mutual cooperation.

Zubko, for his turn, said that, the two parties can cooperate in various fields including agriculture, oil and gas, energy as well as infrastructure sector.

He underlined that alongside with export of products and engineering services to Iran, Ukraine also gives great importance to strengthening economic cooperation with Tehran.

Iran and Ukraine signed document on comprehensive economic cooperation on agriculture, investment, oil, gas, energy and banking ties on March 7 in the context of Tehran-Kiev 5th Joint Economic Commission.

In February, Ukrainian Deputy Minister of Economic Trade and Development Nataliya Mykolska said that Kiev considers Iran as a prospective market for Ukrainian goods.

According to an October 30, 2015 report by TAVANIR, the Iranian company responsible for production, transmission, and distribution of electricity, the nominal power production capacity of power plants in Iran is: steam 21.46 percent, gas 34.95 percent, combined-cycle 25.08 percent, hydroelectric 15.2 percent, atomic 1.38 percent, DG and CHP 1.02 percent, renewable energy 0.31 percent, and diesel 0.6 percent. Accordingly, the total nominal capacity was 73,744 megawatts.

In the meantime, the total actual output reached 6,423 million kilowatt hours of electricity.

The country produced 263 billion kilowatt hours(KWh) of electricity, while it exported above 11.7 billion KWh and imported 3.7 billion KWh during the last fiscal year(ended on March 21, 2015), according to the annual report issued by Iran's Energy Ministry.

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