INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Iran, Turkiye ink contract to connect power grids

The agreement will create an opportunity to exchange Iran's power with Turkiye and some European countries. AFP/Representational pictures
  • The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company
  • The contract signed by Iran’s Mehdi Moghimzadeh and Turkiye's Orhan Kaldirim clears the decks for connection of the 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkiye)

Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim Raisi to Turkiye.

The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company (TEIAS)., mehrnews reported.

The contract signed by Iran’s Mehdi Moghimzadeh and Turkiye’s Orhan Kaldirim clears the decks for connection of the 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkiye).

Moghimzadeh said that the operation requires state-of-the-art equipment and is also Iran’s first experience in cross-border grid connection via HVDC infrastructure.

The pilot operation of the BtB HVDC was successfully carried out last year, the Iranian manager said, adding that the new agreement paves the way for the actual operation, which can create an opportunity to exchange power with Turkiye and some European countries.