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Iran's Electricity Exports Up By Over 37% In Less Than 2 Months Econ

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  • Iran's Electricity Exports Up By Over 37% In Less Than 2 Months Econ

    IRAN'S ELECTRICITY EXPORTS UP BY OVER 37% IN LESS THAN 2 MONTHS ECONOMIC DESK

    http://www.tehrantimes.com/economy-and-business/97732-irans-electricity-exports-up-by-over-37-in-less-than-2-months
    On Line: 11 May 2012 15:36
    In Print: Saturday 12 May 2012

    Iran's electricity exports to its neighboring countries have increased
    more than 38 percent since the beginning of the current Iranian
    calendar year (started March 20, 2012) compared to a year before.

    A report published by Iran's Energy Ministry on Thursday noted that
    the country has exported a total of 1,347 gigawatts per hour (GW/h)
    of electricity to the neighboring countries during the aforementioned
    period, up by 38.57 percent compared to the previous Iranian calendar
    year (ended March 19, 2012).

    During a corresponding period last year, Iran exported 972.1 GW/h of
    electricity to its neighbors.

    The report noted that the implementation of the Subsidy Reform
    Plan by Iran has contributed to the reduction of domestic power
    consumption, paving the way for more electricity exports to the
    neighboring countries.

    The Islamic Republic is currently exporting electricity to Armenia,
    Pakistan, Turkmenistan, Turkey, Azerbaijan, Nakhichevan, Iraq and
    Afghanistan.

    Based on the current plans, Syria and Lebanon will be purchasing
    electricity from Iran in the near future as well.

    On Saturday, April 28, Iran's deputy energy minister for electricity
    and energy affairs said the country is moving toward self-sufficiency
    in the power industry by promoting the domestic manufacture of
    necessary equipment in the field.

    Mohammad Behzad said that 100 percent of power distribution equipment,
    99 percent of the equipment needed for power transmission, and more
    than 90 percent of power plant equipment are currently being designed,
    manufactured and installed in the country.

    The Islamic Republic, which seeks to become a major regional exporter
    of electricity, has attracted more than USD 1.1 billion in investment
    to build three new power plants.

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