Iran’s annual electricity exports hit 10 billion KWh

Business Materials 4 April 2016 09:47 (UTC +04:00)

Baku, Azerbaijan, Apr. 3

By Fatih Karimov - Trend:

Iran exported 10.23 billion Kilowatt hours (KWh) of electricity during the last fiscal year, which indicates a yearly increase by six percent, IRNA news agency reported April 3.

Iraq was the first destination of Iran's electricity exports with 7.1 billion KWh(a unit for measuring energy) during the one-year period.

Iran's electricity exports to Iraq increased by 16.6 percent compared to the preceding year.

After Iraq, Turkey, Afghanistan, Pakistan, Armenia and Azerbaijan were the next destinations of Iran's electricity.

Tehran's exports to Pakistan, and Azerbaijan witnessed increase in the period, meanwhile exports to Turkey and Armenia decreased.

Iran also imported 4.1 billion KWh of electricity, 8.1 percent more year on year.

Turkmenistan was the top electricity exporter to the Islamic Republic with 2.737 billion KWh followed by Armenia and Azerbaijan.

Iran's annual revenue via electricity export reaches $600 million. The country's total power production capacity stands at 74,000 megawatts (MW).

Early in March Chairman of Iran Electrical Industry Syndicate Alireza Kolahi said Iran has the capacity to export worth $10 billion electricity per year in short term.

In the long run, the country can materialize the export of worth $30 billion electric power a year, he added.