NEWS
Energy   Electricity  

Baku Eager to Expand Electricity Cooperation with Iran, Russia

Azerbaijan’s President Ilham Aliyev said his country has already established transmission lines with Russia and Iran, adding that Baku is eyeing for further trilateral energy cooperation in an upcoming meeting of the energy ministers of the three countries.

In an interview with Russia-24 TV Network on Monday, Aliyev said that the Azerbaijan-Russia-Iran electricity corridor has vast potentials for energy cooperation among the three neighbors.

"Azerbaijan and Russia cooperate in emergency electric power supply… and we constructed new electricity transmission lines with Iran,” he noted, adding, "Therefore, the electricity power energy is active among Azerbaijan, Iran and Russia."

Aliyev added that the countries' energy ministers will discuss collaboration in the field, highlighting that the Azerbaijan Republic is currently exporting electricity to Georgia, Turkey and the European states.

Azerbaijan has also established a new line for transferring electricity with Iran. Therefore, the electricity corridor is currently in operation among Iran, Russia and Turkey, he said.

Late in October, Iranian Energy Minister Reza Ardakanian and his Azeri counterpart exchanged views on the development of bilateral relations in the field of energy, and underlined the need for deepening mutual cooperation.

During the meeting in Baku, Ardakanian called for expediting joint construction of hydroelectricity projects of Aras River, bartering gas with electricity and Azeri investment for the construction of a 500-megawatt power plant in Astara Border Region.

In a relevant development in December 2018, Speaker of the National Assembly of Azerbaijan Republic Ogtay Asadov announced that the volume of trade ties between his country and Iran had jumped 40 percent.

“Relations between the Islamic Republic of Iran and the Republic of Azerbaijan have always expanded and now they are in their golden era,” Asadov said at a meeting with Governor-General of Iran's Northwestern province of West Azarbaijan Mohammad Mahdi Shahriari in Urumiyeh.

"The volume of trade ties between Iran and Azerbaijan has increased 40% in 2018 and it can further grow given the existing capabilities and capacities," he added.

News No: 8164
Date: 2019/12/31 - 18:33
News Source: Fars News

Baku  Electricity  Russia  Azerbaijan  energy 

Comments:

Leave a Comment:

   
   
   
 

200 industrial, mining, trade projects to be implemented by Mar. 2021

Iranian Industry, Mining, and Trade Ministry plans to inaugurate 200 major industrial, mining, and trade projects across the country by the Iranian calendar year of 1400 (begins on March 20, 2021), IRNA reported.
 

190 dams under study, construction across Iran

Some 190 dams, with a total reservoir capacity of 48.488 billion cubic meters, are under study or being constructed across Iran, IRIB reported.
 

Major water, agriculture projects inaugurated in southeast of Iran

A number of development projects were put into operation in Iran’s southeastern province of Sistan-Baluchestan on Thursday, IRNA reported.
 

European Commission working on sustainable battery rules

A report by S&P Global Platts states that the European Commission plans to propose EU sustainable battery rules by October.
 

US uranium output shrinks 89% in 2019

US domestic production of uranium concentrate plunged 89% to 174,000 pounds of U3O8 (triuranium octoxide) last year, according to the latest annual report published by the US Energy Information Administration (EIA).
 

Daily electricity consumption in Iran touches 46 GW

Following an upward trend in recent months, electricity consumption in Iran reached 45,847 megawatts (45.84 gigawatts) on Wednesday, May 19, IRNA reported.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners