Iran can earn substantial revenues from electricity exports to regional markets to compensate reductions in the exports of other low value-added energy products like oil and gas, the deputy minister of energy said. "The country exports electricity to neighboring countries, namely Afghanistan, Pakistan, Turkey and Iraq, which has recently reached zero due to increasing domestic demand," Homayoun Haeri was quoted as saying by LNA on Tuesday.
"Under swap deals, Iran exports electricity to Armenia and Azerbaijan in winter and imports it when domestic demand soars in summer," he added.
Haeri noted that raising exports to Afghanistan and Pakistan is a priority of his ministry, but the sizzling summer has hampered such plans.
"During peak demands, the export rate comes down to zero, while imports rise," he said.
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