Trade Resources Market View Iran's Electricity Exports to Neighboring States Have Increased by About 40%

Iran's Electricity Exports to Neighboring States Have Increased by About 40%

MNA reported that Iran’s electricity exports to neighboring states have increased by about 40% as the Islamic Republic is helping them overcome regular power outages.

As per report, Iran has boosted its power output in recent years and exported 7,668.9 GW hours of electricity to its neighbors since the beginning of the current Iranian calendar year.

Iran's power exports this year have been 39.22% higher compared to the same period a year ago when the country exported some 5,508.3 GWH of electricity to neighboring states. Iran is currently exchanging electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkmenistan and Turkey.

Earlier in February, Majid Namjou energy minister of Iran said that the country was planning to export electricity to Syria and Lebanon through Iraq’s power grid. Iran is capable of exporting 1,000 MW of electricity to Iraq. Syria had also requested 500 MW of electricity.

Seeking to become a major regional exporter of electricity, Iran has attracted more than USD 1.1 billion in investments to build 3 new power plants. By the end of the 5th Economic Development Plan (2011-2015), Iran will boost its electricity generation capacity by 25 GW to reach 73 GW.

Source: http://www.steelguru.com/middle_east_news/Iran_electricity_exports_to_neighbors_up_by_40pct/294974.html
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Iran Electricity Exports to Neighbors up by 40pct
Topics: Metallurgy