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Azerbaijan, Iran ink deal on electricity sale

Trend | April 13, 2018
 The Islamic Chamber of Commerce , Industry and Agriculture (ICCIA)

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 message on April 12.

The agreement was signed within 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 Mugan 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.