News ID: 213204
Published: 1221 GMT April 14, 2018

Azerbaijan, Iran ink deal on electricity sale

Azerbaijan, Iran ink deal on electricity sale

Azerenergy JSC, Azerbaijan’s electricity producer and Iran's state energy company TAVANIR signed an agreement on the sale-purchase of electricity, the Azerbaijani Energy Ministry said in a statement.

According to Trend News Agency, the agreement was signed during the visit of an Azerbaijani delegation led by Deputy Energy Minister Natig Abbasov to Iran, the ministry said.

During the visit, a meeting was held at the Iranian Energy Ministry, where the sides discussed electricity trade between the two countries, regulating the joint activities of energy grids of Azerbaijan, Iran and Russia, as well as the energy transit to other countries.

“Further an agreement was signed on sale and purchase of electricity between Azerenergy JSC and TAVANIR, a company engaged in production, distribution and transmission of electricity in Iran. The deal was signed by Azerenergy JSC President Etibar Pirverdiyev and Head of Tavanir Arash Kordi. Under the agreement, Azerenergy JSC will start importing 180 MW of electricity for the regions of Mughan and Astara in June 2018,” the ministry said.

The sides also agreed to hold a trilateral meeting on realization of a project to unite the energy grids of Azerbaijan, Iran and Russia in Baku on April 26, and discussed the development of the Iran-Azerbaijan-Georgia energy corridor.

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