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Iran, Russia accelerate construction of electricity grids

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  • Iran, Russia accelerate construction of electricity grids

    Iran, Russia accelerate construction of electricity grids

    Tehran, Feb 19, IRNA
    Iran-Russia-Electricity

    The Islamic Republic of Iran and Russia signed a letter of
    understanding on Tuesday to speed up construction of power grids in
    both countries.

    The agreement was signed between Iran's Energy Minister Parviz Fattah
    and Chairman of Board of Directors of RAO UES of Russia Anatoly
    B. Chubais.

    The two sides called for expansion of mutual cooperation at mutual
    and regional level.

    Referring to the recent visit of Russian president to Tehran, the
    Iranian minister said the visit was a turning point in expansion of
    cooperation between the two countries.

    Both Iran and Russia possess huge oil and gas resources which have
    created grounds for expansion of cooperation in the energy sector,
    he said.

    It is quite obvious that expansion of ties between Iran and Russia
    would dissatisfy a number of countries but the two powerful nations
    are to keep on in line with their national interests, Fattah said.

    Iran is ready to connect to Russia national grid and that Iran is
    currently exchanging energy with regional countries such as Azerbaijan,
    Armenia and Turkmenistan, he said.

    Calling for expansion of investments in energy, electricity and dam
    construction in both countries, Fattah said Iran and Russia could
    cooperate in construction of Sangtoudeh 1 and 2 in Tajikistan.

    The Russian envoy, for his part, said his country is willing to
    broaden cooperation with Iran in energy sector adding that Iran
    has had a remarkable progress in electricity industry and that the
    generation of electricity has risen up ten percent in parallel with
    6.5 percent of demand in market.

    Iran and Russia are powerful in electricity sector, he said adding
    that Russia is ready to broaden cooperation in the sector.

    Russia benefits from powerful electricity networks in the North and
    Iran in the South, the said adding that the two countries can jointly
    cover the needs of regional countries, he pointed out.

    Since generation of electricity by the year 2010 will hit 15 Gigabyte,
    he said Russia has predicted a dlrs 130 billion investment in the
    sector.

    The two sides are to review cooperation in energy sector in the
    upcoming session of the commonwealth countries in Moscow on May 23rd.
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