Iran to boost energy export in post-sanctions era

TEHRAN Sept. 14 (Shana) – Relying on the current operating grid of exporting electricity to the neighboring countries, Iran’s Ministry of Energy has plans to increase its supply along with boosting the nationwide output in the wake of the removal of US-led western sanctions.

Seven neighboring countries of Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkey, and Turkmenistan are importing electricity from Iran while the Islamic Republic has been investing in its energy sector despite of the sanctions.

Using high-tech and state-of-the-art equipment, increasing power stations’ output, employing intelligent systems, and re-opening of credit lines and foreign financing are set as objectives of the ministry after sanctions are lifted.

Out of total $100 billion dollars which is due to be released in the wake of the nuclear agreement, about 6 billion belongs to government, 23 billion is under Central Bank’s currency assets and the rest will  go to the national reserve fund,” Government Spokesman Mohammad-Baqer Nobakht said.

Prior to that, reduction of energy wastage in production, transmission and distribution network is on the top of agenda.

Managing Director of Tavanir company says Iran is a pioneering country in electricity generation industry and has developed to the energy hub of the region.

“We proudly announce that Iran is ahead of the Development Vision 2025 projections in terms of electricity output,” Arash Kordi told Shana.

Referring to the country’s achievements in production of turbines, blades, and other power station equipment, he suggested an increase in power production focusing on renewable energy sources.