Driven by its vast potential in the electricity industry, Iran can earn substantial revenues from regional markets via technical and engineering exports, a member of Iran Electricity Industry Syndicate said.
"The country's income from exports in the power industry surged to a record $2.5 billion in the fiscal 2016-17, over 98% of which fall under technical and engineering activities overseas," Payam Baqeri, chairman of Export Promotion Committee at IEIS, told Financial Tribune in a telephone interview.
"Such an experience proves the country can rely on the sector as a prospective source of income by the end of Iran's 2025 Vision," he added. Baqeri noted that studying the vast potential of neighboring countries, the sector envisages increasing the figure to $25-30 billion per annum by the end of the plan.
"Iran is among the six countries that possess the technical expertise to construct dams and hydropower plants, as Iranian developers dominate the regional hydropower industry," he said.
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