Iran exports over $ 5b worth of electricity and electrical equipment annually

Iran annually exports over $ 2 billion worth of electricity and $ 3.1 billion worth of electrical equipment, the Iranian deputy energy minister said on Sunday.

IRNA quoted Sattar Mahmoudi as saying that the national power generation capacity should be increased by 5 gigawatts per year. The goal requires 100 trillion rials (about $ 4 billion based on the U.S. official exchange rate of 24,900 rials) investment, he added.

On October 30, Iranian Energy Minister Hamid Chitchian said that exporting technical and engineering services in the field of water and electricity to other countries, especially in the Middle East, is one of the policies of the Ministry of Energy.


Iran has already launched 59 projects in Azerbaijan, Ethiopia, Armenia, Uzbekistan, South Africa, Afghanistan, Algeria, United Arab Emirates, Bangladesh, Pakistan, Tajikistan, Turkmenistan, Sri Lanka, Syria, Iraq, Oman, Kenya, Lebanon, and Nigeria.These projects are valued at $ 3.2 billion, of which 13 projects, worth $ 1.4 billion, have been terminated.

On October 9, Homayoun Haeri, the managing director of the Iran Power Generation, Transmission and Distribution Management Company (TAVANIR) said that Iran’s total power generation capacity currently stands at 68.38 gigawatts.

Iran exports electricity to Turkey, Armenia, Turkmenistan, Azerbaijan (including the Nakhchivan Autonomous Republic), Pakistan, Afghanistan, Syria, and Iraq.Iran seeks to become a major regional exporter of electricity and has attracted more than $ 1.1 billion in investments for the construction of three new power plants.

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