Electricity experts from Iran, Russia and Azerbaijan are in Moscow, discussing technicalities of creating an energy corridor that envisages the export of electricity from Russia to Azerbaijan and Iran, Russia’s Deputy Energy Minister Anatoly Yanovsky said Monday.
"The three sides are expected to come to a conclusion soon to determine the economic efficacy of the plan, called “North-South" energy corridor, and decide when to launch the project," IRNA reported him as saying.
In a memorandum of understanding signed in 2015, the three sides decided to synchronize their power grids by 2020 and pave the way for electricity trade between Tehran and Moscow.
“The inter-linked network will connect the three countries’ power infrastructure with the aim of reducing outages during high seasons,” Yanovsky said.
In 2018 Azerbaijan, Russia and Iran created a working group to chart ways to synchronize their energy systems.
The work group includes 18 people (six from each side). It is tasked with preparing a feasibility study of integrating the power systems of the three countries.
In 2015, Iran and Azerbaijan signed an MoU on the exchange of electricity. The two neighbors can exchange close to 700 megawatts on a yearly basis.
Iran’s annual electricity export to neighboring countries is almost 2,000 megawatts with the bulk going to Afghanistan, Pakistan and Iraq.