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Iran trades 1,859 MW of electricity with neighboring countries

Tuesday, April 1
Iran traded 1,859 megawatts of electricity with neighboring countries on March 26, the country's IRIB news agency reported.

Iran exported 1,506 MW of electricity to Afghanistan, Iraq, Pakistan, Armenia, and Turkey.

The country also imported 353 MW of electricity from Armenia and Turkmenistan on the same day.

Iran currently trades power with Turkey, Azerbaijan, Turkmenistan, Armenia, Pakistan, Afghanistan, and Iraq.

The country seeks to become a major regional exporter of electricity and has attracted more than $1.1 billion in investments for the construction of three new power plants.

Deputy Energy Minister Sattar Mahmoudi said in November 2013, that Iran annually exports 8 billion kilowatt hours of electricity to neighboring countries.

"The mentioned figure is about 3 percent of the country's total output," the ILNA News Agency quoted Mahmoudi as saying.

He remarked that Iran intends to export electricity to Europe via Armenia, Russia, and Azerbaijan.

Mahmoudi went on to note that Iran's production capacity has surpassed 70,000 megawatt hours.