TEHRAN March 11(Shana)–Pakistan’s National Electric Power Regulatory Authority has given green light to the signature of a formal agreement for the import of 1,000MW of electricity from Iran.
The state-owned National Transmission and Dispatch Company had sought permission to negotiate the agreement. The NTDC had signed a memorandum of understanding with its Iranian counterpart TAVANIR for electricity trade on May 31, 2012.
Iran will construct the power plant from its own resources while TAVANIR had offered to finance $265m HVDC interconnection project in its own territory.
The cost of transmission line from Iranian border to Quetta had been estimated at $580m.
Iran also exports electricity to Turkey, Iraq, Afghanistan, Azerbaijan and Turkmenistan.