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Govt finalising 1,000MW electricity import from Iran

byCustoms Today Report
11/08/2015
in Business
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ISLAMABAD: Iran has once again offered 3000MW electricity to Pakistan after its nuclear deal with the world powers, while Islamabad is finalising the import of 1000MW from Tehran.

Iranian Ambassador Ali Raza called on Ministry of Water and Power Secretary Mohammad Younus Dagha in this regard and decided to undertake feasibility studies to add more provisions of electricity for this mutual cooperation.

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According to announcement made by Ministry of Water and Power, a Pakistan’s high-level delegation will visit Iran for negotiating Power Purchase Agreement (PPA) for 1000 megawatt. Both the country were discussing provision of 1000MW electricity provision but they remained unable to finalise the deal in the wake of economic sanctions imposed by the United Nations and other western allies of USA.

The Secretary Water and Power while acknowledging the Iranian offer for export of electricity to Pakistan, said that both the countries are already working on the proposal and modalities for 1000MW are in its final stages. He said that this phase could be readily executed.

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