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FinancialNews
17-10-19
Power grids of Iran, Iraq will be connected by yearend
(MENAFN) Based on what Mehr news agency reported, Deputy Head of Iran Electricity Industry organization said power grids of Iran and Iraq will be interconnected by the end of 2019.
Mehr was told by Payam Baqeri, "Also, based on a deal between Iran and Iraq, Iraq's electricity grid losses, which is currently over 50 percent, will be reduced to 30 percent by the end of 2020,"
Speaking of Iraq as a strategic market for all Iranian industries including the energy sector, Baqeri said "In recent months, we have undertaken serious work for defining new projects under the protocols of cooperation between the Iranian Ministry of Energy and Iraq"s Electricity Ministry."
He added: "According to the agreement between the two ministries, the two countries are going to execute joint projects in the electricity sector over three years (or three stages) of 2019, 2020 and 2021,"
MENAFN1710201900450000ID1099140147
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