Iran and India have reached an agreement to jointly construct power plants and exchange electricity, says a visiting Iranian official in New Delhi.
Deputy Energy Minister Mohammed Behzad said on Friday that Iran’s Tavanir Company and India’s state-owned National Thermal Power Corporation (NTPC) would adhere to a previously penned memorandum of understanding on power cooperation.
Construction of new power plants in the two states and the exchange of about 6,000 megawatts (MW) of electricity have been envisaged in the agreement, Behzad said.
He added that the electricity would be exchanged between the two countries by a HVDC power transmission line via Pakistan.
Behzad said that Iran plans to provide Pakistan with 1,000 MW of electricity. The deal would help Pakistan overcome the crisis of electricity shortages in the country.
Earlier, Iran’s Ambassador to Pakistan Masha’allah Shakeri told reporters that Tehran is exporting electricity to Turkey, Armenia and Afghanistan and its price is extremely attractive for Pakistan.