Iran’s electricity transit line to Russia via Azerbaijan Republic will be partly inaugurated in the next Iranian year starting March 21, 2005

Masud Hojjat, the deputy managing director of TAVANIR Co. said on Tuesday that Iran’s electricity transit line to Russia via Azerbaijan Republic will be partly inaugurated in the next Iranian year starting March 21, 2005. Hojjat told the Iranian Students News Agency (ISNA) that Iran also has identical contracts with Turkmenistan and Iraq on intensifying electricity transition to these countries, and the former will be inaugurated in the Iranian year 1386 starting March 20, 2007. Also in his remarks, he said that amount of the electricity exportation and importation is not a significant one as compared with the domestic production, citing as example that amount of the electricity export and import have been respectively 918 million KW/H and 1489 million KW/H in the previous Iranian year starting March 20, 2003. Pointing out to the dearth of credits in the power sector, the deputy managing director said that presently the government and the Majlis are attempting to resolve problem of the budget deficiency and they have so far acted positively. He further noted that if the required budget is completely provided and certain affairs are delegated to the private sector, Rls.2000bn of the credits of the power sector will be provided.