Value of Iran’s electricity export to reach $1b

TEHRAN, Oct. 25 (MNA) -- The deputy energy minister announced on Tuesday that the value of Iran’s electricity exports will reach 1 billion dollars in the current Iranian calendar year which ends on March 19.

"Iran's electricity exports and related technical and engineering services exports will reach $4 billion this year, of which the country's net electricity exports will be $1 billion,” Mohammad Behzad explained.

Behzad stated that the electricity bourse of Iran has been already launched.

During the first half of the current year, Iran's electricity export to neighboring countries was 4 billion kwh (kilowatt hour).

"Iran currently exchanges electricity with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan, and Iraq," he added.

“This year, the volume of Iran's electricity export to Iraq reached its highest rate," the deputy minister said. "The country (Iraq) imported 100 million kilowatt hour (electricity)."

He added that Iran is currently negotiating with Turkey to increase electricity export.


News Code 48623

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