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Iran plans to become hub for power transit to Europe: Official

Source: Tehran Times

A senior Iranian energy official says the government plans to turn the country into a hub for the transit of electricity to the European countries.

Iran plans to facilitate power transit to Turkey and other European states by importing electricity from several neighboring countries, Mohammad Behzad, the deputy energy minister for electricity and energy affairs, said on Friday.

The Iranian official further said that Iran seeks to emerge as a center for electricity transactions across the Middle East, citing the country's strategic geographical position, wide power transmission network and the annual electricity generation capacity of more than 66,000 megawatts (MW).

Behzad noted that Iran currently exports more than 1,500 MW of electricity to the neighboring countries.

He referred to Iraq as the major importer of Iranian electricity, receiving 1,200 MW of the energy, adding that power exports to Turkey will hit 500 MW in the near future.

Iran is currently exchanging electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Nakhichevan, Turkey and Turkmenistan.

Seeking to become a major regional exporter of electricity, Iran has attracted more than $1.1 billion in investments to build three new power plants.

Related News:

Iran currently world's 15th major electricity producer - Iran's nominal electricity generation capacity stands at 63 around gigawatts (GW), ranking the country at the 15th place in the world, an official with Iran Power Generation Transmission and Distribution Management Company (TAVANIR) stated.

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