TEHRAN (FNA)- Iran and Pakistan are set to sign an initial deal for the supply of 1,000 megawatts of electricity to overcome the crippling energy crisis in Pakistan.
Sources told Express Tribune that Pakistan’s Ministry of Water and Power was calling for the vetting of a draft of memorandum of understanding (MoU) to be signed with Iran for electricity import.
“Pakistan will be paying 8-11 cents per unit of electricity under the formula agreed with Iran,” a source said.
Under the project, Iran will build a powerhouse in its Southeastern Sistan and Balouchestan province bordering Pakistan to generate electricity for export. Iran has also expressed its willingness to provide a loan of $800-$900 million for the project.
A 700-kilometre transmission line of 500 kilovolts will also be laid from the Pakistan-Iran border to Quetta.
During the previous government, Iran had also expressed interest in setting up a 200 MW power plant in Pakistan’s Balochistan. Tehran was also keen on installing smaller plants of 25 MW each on the ground as well as on barges to help Pakistan overcome the power crisis.
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