Publishe Date: 10:51 AM - 8/27/2014 | Print

Pakistan Planning to Import 1,000MW of Electricity from Iran

Economy -
Pakistani Finance Minister Eshaq Dar said that the proposed plan for import of additional 1,000MW from Iran fit well with the government’s comprehensive energy plan currently under preparation to address power shortages

Pakistan and Iran had entered into electricity trade in 2002 with 32MW for Makran, Balochistan at three cents per unit, going up to five cents in 2005 and to 6.25 cents in 2008, Dawn reported.

The energy import from Iran increased to 74MW in 2012 and its tariff was linked to a new formula based on monthly average price of crude which needs to be protected under a revised amendment. The new rate would touch 10 cents per unit.

Iran and Pakistan have exchanged delegations on a regular basis and the two neighboring countries are keen to expedite expansion of their bilateral ties.

Tags: Economy -
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