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Iran stops power export to Turkey due to debts

Business Materials 5 November 2016 13:49 (UTC +04:00)
Iran says it has stooped power export to Turkey due to long delayed debts of the Turkish side
Iran stops power export to Turkey due to debts

By Emil Ilgar – Trend:

Baku, Azerbaijan, Nov.4

Iran says it has stooped power export to Turkey due to long delayed debts of the Turkish side.

The deputy of Iran’s Energy Ministry Houshang Falahatian told Mehr Nov.4 that the Turkish company which was importing electricity has about $200 million worth of debts to Iran.

According to the latest statistics, released by Turkey Energy Market Regulatory, the country has stopped power import from Iran since the beginning of June.

During January-May, Turkey imported about 543.134 million kilowatts hours (kWh) of Iranian electricity.

However, according to Iran’s Energy Ministry’s official statistics, the country exported about 10,239 million kWh during last fiscal year, of which Turkey’s share was 17.6% (or 1,802 million kWh).

Falahatian said Nov.4 that Turkey would clear it debts to Iran in the coming 4-5 months.

Before, he told Mehr on Nov.2 that Iraq has $1 billion worth of debts to Iran due to power imports. Iraq imported about 69 percent of Iran’s total power exports during the last fiscal year.

Iran’s total electricity exports decreased by 26 percent during the seven months of current fiscal year to around 4,610 million kWh, according to the latest weekly statistics of Energy Ministry.

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