Iran to export 1000MW of electricity to Pakistan

Azerbaijan, Baku, June 1 /Trend S.Isayev, T. Jafarov/ Government of Pakistan on Thursday signed an agreement with Iran for the import of 1000 MW electricity, Mehr reported. The agreement was signed between a delegation of Pakistan, headed by Managing Director NTDCL Rasul Khan Mahsud and deputy Iranian Minister for Energy Mohammad Behzad. A spokesperson for the National Transmission and Despatch Company Limited (NTDCL) said in a statement that according to the agreement the 70 percent funding for the project will be provided by the Iranian government whereas 30 percent will be arranged by the government of Pakistan. The rate of electricity was finalised at 8 cents per unit whereas in case of a rise in oil prices in the international market, a maximum tariff of 11 cents will be charged. Pakistan has been under pressure from the US to desist entering into energy related deals with Iran. Do you have any feedback? Contact our journalist at agency@trend.az