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Pakistan to increase imports of Iranian electricity

Iran will be exporting $1 billion of electricity by March 2012

Press TV – December 31, 2011

Pakistan’s minister of water and power says his country has signed an agreement with an Iranian private company to import 5,000 megawatts (MW) of electricity from Iran.

Syed Naveed Qamar further added that according to the agreement, two power plants will be built near the Iranian city of Zahedan and in Gwadar region of Pakistan’s Balochistan province.

The minister went on to say that Pakistan is currently having problems generating sufficient electricity due to the shortage of adequate resources for operating power plants, including low water reserves. The shortage may worsen as natural gas consumption and demand for energy continue to rise, he added.

Pakistan Electric Power Company (PEPCO) has already announced that the country will need 15,500 MW of electricity this year, but can only generate 9,500 MW and is short of 6,000 MW of electricity.

The minister said that the launch of the two new gas-fueled power plants will reduce electricity price in the country, adding that the imported electricity will be sent to all parts of Pakistan, including Balochistan province.

Iran is currently exchanging electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Nakhichevan, Turkey and Turkmenistan.

According to the Iranian Energy Ministry statistics, the country will be exporting up to USD 1 billion of electricity by March 2012.

Iran’s total power generation capacity stands at 63,403 MW while total length of the power grid exceeds 780,000 km.

Exchange of electricity with neighboring countries reached 1,341 MW in late December 2010. The top exporter was Armenia with 237 megawatts, and the top importer of the Iranian electricity was Iraq with 650 megawatts.

Iran seeks to become a major regional exporter of electricity and has attracted more than USD1.1 billion in investments to build three new power plants.

December 31, 2011 - Posted by | Economics

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