INSEAD Day 4 - 728x90

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

Iran to link up electricity grid with Russia via Azerbaijan

The electricity exchange between Iran, Russia, and Azerbaijan is expected to start in six months.
  • The Iranian minister said feasibility studies for connecting power grids have been conducted through three routes including Georgia, Azerbaijan, and Turkmenistan
  • He said the use of electricity in Iran’s industrial sector has exceeded that of the household sector for the first time in the history of the country’s power industry

Tehran, Iran— Iran is linking up its electricity grids with Russia via Azerbaijan in order to make up for its power shortfall.

The Islamic republic’s minister of energy said the electricity grids of Iran and Russia would be connected, adding that feasibility studies for the connection via the Republic of Azerbaijan’s territory have been conducted.

Speaking during a visit to the 23rd edition of the Iran Int’l Electricity Exhibition (IEE) and the first edition of the Iran Electricity Industry Tech Market Festival at the Tehran Permanent International Fairgrounds on Tuesday, Ali Akbar Mehrabian said feasibility studies for connecting power grids have been conducted through three routes including Georgia, Azerbaijan, and Turkmenistan.

The Republic of Azerbaijan has been chosen as the best route for this aim, Mehrabian added.

It is hoped that electricity exchange between Iran, Russia, and Azerbaijan will start in six months, he said, adding that this project is very economical because the peak of consumption of power is completely different in Iran and Russia.

In other words, when the use of electricity is high in Russia, Iran has the lowest consumption rate, the energy minister added.

Elsewhere in his remarks, the energy minister said the use of electricity in Iran’s industrial sector has exceeded that of the household sector for the first time in the history of the country’s power industry.

Holding the exhibition with the participation of foreign companies indicates the privileged status of Iran’s power industry both in the regional and international arenas, he emphasized.

The exhibition kicked off at the Tehran Permanent International Fairgrounds on November 14 and will run through November 17.