Xinhua | CRI

Iran has exported 6.624 gigawatt- hours of electricity to its neighboring countries since the beginning of the current Iranian calendar year (March 20, 2012), registering a 44-percent rise compared to the same period last year, Tehran Times daily reported on Wednesday.

By the end of Iran’s Fifth Five-Year Economic Development Plan (March 2016), Iran will boost its electricity generation capacity by 25 gigawatt-hours to reach 73 gigawatt-hours, according to the report.

On Oct. 10, Press TV reported that Iran plans to export 6,000 megawatt-hours of electricity to India and Pakistan.

Technical teams will hold meetings to draw up plans for exporting 4,000 megawatt-hours of electricity to India and 2,000 megawatt-hours to Pakistan, Iranian Energy Minister Majid Namjou was quoted as saying by Press TV.

Electricity consumption has decreased considerably in Iran since the implementation of the subsidy reform plan, which paved the way for more electricity exports of Iran to Azerbaijan, Armenia, Pakistan, Turkmenistan, Turkey, Iraq, and Afghanistan, said the report.

The subsidy reform plan, which began in late 2010, has enabled the Iranian government to gradually reduce energy subsidies over the course of five years, with low-income families compensated with direct cash handouts. Iran seeks to become a major regional exporter of electricity and has attracted more than 1.1 billion U.S. dollars worth of investments for constructing new power plants.

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