28 Mar 2024
Sunday 30 August 2015 - 11:03
Story Code : 178138

Iran's priority development of electricity trade with neighbors

TEHRAN, Aug. 30 (MNA) Energy Minister has said that connecting Iran's electricity grid to Europe during the post-sanction era is not on the agenda, stating that the development of electricity trade with neighboring countries would be Irans first priority.Describing Irans main policies with regard to developing foreign electrical trade Hamid Chitchian said that, currently, Irans energy diplomacy has focused on expanding electrical cooperation with several neighboring countries.

Energy minister deemed increasing electrical trade with neighboring countriesIrans key policy during the post-sanction era and added that, at the moment, Iran is trading electricity to 7 neighboring countries through land borders and it is estimated that the amount of trade willincrease in future.

In response to a question on connectingIrans electrical grid to Europe in post-sanction era, this member of the government asserted that, after the removal of sanctions, Irans main priority would be developing electrical exchange with neighboring countries and exporting electricity to Europe in not currently inagenda.

Pointing to the need for applying changes to the configuration of Irans electricity production, transmission, and distribution, this official stated that, Irans main priorities for the post-sanction era include using modern technologies, improving plant efficiency, implementing smart electrical grids, reopening credit lines, and foreign investment in power industry.

Emphasizing that the electrical industrys current plan is to reduce energy loss at the production, transmission, and distribution network, he stated that, accordingly, by elimination of low voltage distribution lines from the main power grid, we will take effective measures to reduce energy loss.

Chitchatian reported that at the moment Irans electricity production capacity has reached 73 thousand megawatts; therefore, several sessions with European and Asian companies and investors have been held and increasing the capacity for electricity productions has started, concluded Chitchatian.

By Mehr News Agency
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