Iran boosts electricity exports

Iran has hiked exports of power supplies to the neighboring countries by 28.7% since the beginning of the new Iranian year (started March 21), the energy ministry announced on Tuesday. According to the report, Iran exported over 8,168gw/h of electricity to the neighboring countries since the start of the current Iranian year, which shows a 28.78% increase compared with the same period last year. With the implementation of subsidy reforms law, not only domestic electricity consumption has reduced but also annual growth in electricity demand has been checked, thus paving the way for further export of electricity to the neighboring countries. Iran has power swap deals with Armenia, Pakistan, Turkmenistan, Turkey, Azerbaijan, Iraq, Afghanistan and the autonomous region of Nakhichevan.