Iran ups electricity export by 18%

Iran’s electricity exports to neighboring countries have reached 3,782 gigawatt hours indicating an 18.4 percent increase compared to the same period last year.

Iran’s export to import ratio subsequently increased during the second half of the year during which more electricity is freed up for export.

Currently the country has maintained a positive trade of 1,734 gigawatt hours so far this year, IRNA reported.

In September, Iranian Energy Minister Majid Namjou said Iran’s electricity network has integrated into the power grids of seven neighboring countries including Afghanistan, Pakistan, Iraq, Turkey, Armenia, Azerbaijan and Turkmenistan.

Earlier this year, Namjou said Russia, India, Qatar, the UAE, Jordan, Syria and Oman are the new countries that have asked Iran for electricity.

According to the minister, Iran has the capability to turn into a regional exporter of electricity.

The minister also stated that Iran has attracted more that 1.1 billion dollars in investment to build three new power plants.