The document was inked by the managing directors of Iran's Power Generation, Transmission and Distribution Company (TAVANIR), Russia's Reivas and Azerbaijan's Azer Energy.
Managing Director of TAVANIR Mohammad Ahmadian said that such synchronization will enable the three countries to benefit from the facilities of one another's grids in case of power shortage or failure.
Putting the volume of energy exchanged among the signatories of the document at 500 MWs, he noted, "The operations for construction of power transmission lines are already underway and the exchange of electrical energy will start in 2006.
"The synchronization of the three power grids will expand the national power network on the one hand and will make it more stable on the other. Thus, Iran's power network will be synchronized with Russia's 200,000-MW power grid via Azerbaijan, which will pave the way for introducing Iran's power industry to the world market."
For his part, Chairman of the Board of Directors of Russia's and Commonwealth of Independent States (CIS) electricity monopoly United Energy Systems (UES) Anatoli Chubais underlined the significance of synchronization of Iran's power grid with that of Russia to his country.
"Once the project is implemented, the power grids of the three countries will operate in parallel. This would facilitate transmission of power to any destination in the three countries at any time," he added.
Addressing the meeting, the deputy head of Azer Energy, Marlen Askarov, he said that given that peak time in Iran and the two CIS countries occur in summer and winter respectively, the three states can compensate each other's shortages.
"Besides exchange of energy, the project aims to stabilize the power networks of the three countries," he added, hoping that other regional countries will also sign such agreements in the future.
... Payvand News - 12/11/04 ... --