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

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

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

    http://tehrantimes.com/economy-and-business/98583-iran-plans-to-become-hub-for-power-transit-to-europe-official
    On Line: 09 June 2012 16:00
    In Print: Sunday 10 June 2012


    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 per second.

    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.

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