Iran, Turkey to Resume Electricity Exchange

Iran will resume power exchange with Turkey in the near future based on a back-to-back letters of credit system, Iran’s energy minister said.
“The system has made it possible for the two sides to trade off close to 600 megawatts of power on a daily basis,” Ali Akbar Mehrabian was also quoted as saying by IRNA.
Under a new swap deal, Iran is expected to export 600 MW of electricity to Turkey in winter every day and will import the same volume when domestic demand soars in summer, he added.