News ID: 233818
Published: 0346 GMT November 04, 2018

Iran's electricity export to fetch $33b by 2025

Iran's electricity export to fetch $33b by 2025

Iran's Energy Ministry plans to earn $33 billion from electricity export by 2025, an official said.

Mohsen Bakhtiar, deputy energy minister for planning and economic affairs, said Iran has the technological know-how and capacities to play an active role in the international energy market.

He was speaking on the sidelines of the 18th Iran International Electricity Exhibition (IEE), which began on November 2 and will end today in Tehran, Mehr News Agency reported.

Bakhtiar said Iran's quality services in the energy sector is among the country's advantages in international market, but added that more needs to be done to ensure greater overseas competition.

Iran, the largest exporter and importer of electricity in the Middle East, plays the role of central power distributor in the region, with an installed power generating capacity of around 80,000 MW.

The country's electricity industry ranks 14th in the world in terms of output.

Iranian contractors are currently involved in Iraq and Syria as the two biggest potential markets. They also have 58 projects underway in other countries, including Turkmenistan, Afghanistan, Azerbaijan, Armenia, Pakistan, Tajikistan, Uzbekistan, Sri Lanka, Uganda, Nigeria, Ethiopia, Oman and India.

Iran is among the six countries possessing the technical expertise to construct dams and hydroelectric power plants, as Iranian developers dominate the regional hydropower industry.

Hydropower is the country's largest renewable source in terms of generational capacity and Iranian companies have considerable experience in hydropower development. They are also increasingly active on the international stage by implementing large-scale projects.

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