Iran General NewsIran eyes electricity export market

Iran eyes electricity export market

-

UPI: The Iranian Energy Ministry said it expects to secure export contracts for electricity with the Syrian and Lebanese governments in the near future. United Press International

TEHRAN, May 11 (UPI) — The Iranian Energy Ministry said it expects to secure export contracts for electricity with the Syrian and Lebanese governments in the near future.

The Iranian Energy Ministry reports electricity exports for the Iranian calendar year ending March 19 were up more than 38 percent to 1,347 gigawatt hours compared with the previous year.

The ministry said it is working on establishing a self-sufficient power sector where distribution and transmission equipment manufacturing is entirely domestic.

The country already has electricity export contracts with Afghanistan, Armenia, Azerbaijan, Pakistan, Iraq and Turkey, among others. Export contracts for Lebanon and Syria are forthcoming, reports state-funded broadcaster Press TV.

Iran this week said it could be a reliable electricity partner for India after U.S. Secretary of State Hillary Clinton lauded New Delhi for taking steps away from Iranian crude oil.

Tehran, the Press TV report said, has attracted more than $1.1 billion in investments from unspecified sources to build three new power plants.

Earlier this week, Tehran said it was investing roughly $650 million in renewable energy programs.

Latest news

Iranian regime threatens Middle East with “hypersonic” missiles

The Iranian regime’s Islamic Revolutionary Guard Corps (IRGC) on Tuesday unveiled a hypersonic missile. Hypersonic is a type of...

The Iranian regime lacks nuclear transparency

Iran has not acted as expected in terms of transparency regarding its nuclear program, said the head of the...

Iran has sold $1 million in ammo to Russia

The Iranian regime has sold ammunition to Russia worth more than one million dollars in the ongoing conflict in...

Forecasting a “difficult year” for Iran

The official website of the Iranian regime’s presidency was taken over by Iranian dissidents in a significant security breach...

US Sanctions IRGC’s Foreign Terrorism, Intel Unit Chief

The US government has imposed sanctions targeting the Chief of the Intelligence Unit of Iran’s Islamic Revolutionary Guard Corps...

Iran’s Fruit Production: Exports High, Consumption Low, Prices Soar

Iran's diverse climate, topography, and altitude give rise to a wide variety of fruits, ranging from tropical dates to...

Must read

With sanctions US targets Iran’s largest banks

AFP: The United States targeted three of Iran's largest...

Iran doesn’t expect deal in coming nuclear talks

AP: Iran’s foreign minister said Sunday his country does not...

You might also likeRELATED
Recommended to you