MNA– Head of Tavanir Arash Kordi said an Iranian delegation has travelled to Iraq in order to extend the electricity sale contract.
On causes of the halt in electricity exports to Iraq, Managing Director of Iran’s Power Generation, Distribution and Transfer Company (TAVANIR) Arash Kordi said the issue exports were brought to a stop due to the expiry of the contract and resumption of the process would require a new amendment to the contract.”
“The new agreement needs to be modified in accordance with current circumstances and the changes in currency prices among other major issues,” stressed the official noting that an Iranian delegation, comprising Tavanir deputies, have been deployed to the neighboring country to conduct negotiations on setting new provisions in the contract.
Kordi highlighted that the Iranian and Iraqi sides always worked together even though the Iranian team would hold talks with Iraqis on revenue collection procedures; “the cut in electricity exports was caused merely because the period of contract was over,” the official reiterated.
In response to a question on possibility of an uplift in volume of electricity exports to Iraq, Tavanir head explained that general conditions had been laid in that regard though the issue would become clear once negotiations become finalized.”
Meanwhile, Arash Kordi commented that the Iraqi power grid did not allow room for a boost in Iran’s electricity export as well as that Iran’s domestic consumption would rise in summer which again would make it impossible to augment export figures.
“Presently, an average of 700 to 1000 megawatts of electricity are being exported to Iraq,” said the official concluding that exports to the neighboring country will be restarted in one month’s time.