Energy
0

Expansion in Iran-Azerbaijan Power Swap Agreement

As per the agreement, 180 MW of electricity will be transmitted to Iran in summer with the aim of handling possible power outages in the sweltering season
Iran's Deputy Minister of Energy Homayoun Haeri (L) and his Azerbaijani counterpart Natiq Abbasov signed an agreement in Tehran on April 12.Iran's Deputy Minister of Energy Homayoun Haeri (L) and his Azerbaijani counterpart Natiq Abbasov signed an agreement in Tehran on April 12.
Iran and Azerbaijan have had joint ventures on the construction of geothermal and wind power plants in Iran’s Meshkin Shahr and Khaf cities

Iran has reached an agreement with Azerbaijan to purchase 180 megawatts of electricity from the Caucasian country to prevent a potential power shortage in summer.
As per the agreement, power imports will begin on June 1 from Azerbaijan's electricity producer, Azerenergy JSC, for Moghan and Astara regions in northwestern Iran, the Iranian Energy Ministry's news portal reported.
Signatories were Etibar Pirverdiyev, the head of Azerenergy JSC, and Arash Kordi, the managing director of Iran Power Generation, Distribution and Transmission Company (aka Tavanir), who met on Thursday in Tehran in a ceremony attended by Iran's Deputy Minister of Energy Homayoun Haeri and his Azerbaijani counterpart Natiq Abbasov.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com