Arzuw NEWS - Turkmenistan news

Turkmenistan and Iran Discussed Increasing Electricity Exports

Iranian Energy Minister Reza Ardakanian announced that his country has resumed the negotiation process with Turkmenistan to increase the volume of electricity supplies. He also noted that the decision to import significant amounts of Turkmen electricity to Iran was caused by a break in the negotiations.

Turkmenistan and Iran have been cooperating in the sphere of energy supplies for more than ten years. Thus, in 2003, they started supplying Turkmen electricity to Iranian partners using the Balkanabat-Gombad 220 kW power line.

Turkmenistan intends to further increase the volume of exported electricity. To this end, the country has begun work on reconstruction of power units at the Mary state power plant. In addition, the Turkmen side plans to build the Mary-Serakhs power transmission line with the capacity of 400 kilovolt. The lines will extend to the Turkmen-Iranian borders. The same is planned for the lines coming from the Balkanabat state power plant.

According to the results of 2020, Turkmenistan saw an increase in the indicator of electricity exports in monetary terms. As compared to 2019, it increased by more than 2.4 times. In physical terms, according to the State Statistics Committee, it more than doubled.

The main importers of electricity produced in Turkmenistan are Iran, Afghanistan and Uzbekistan. There are plans to increase exports to the above-mentioned countries.

It is planned that by 2024 Turkmenistan will produce 33 billion kWh of electricity annually. To this end, new production facilities are being put into operation and the old ones are being modernized. In 2018, the first combined-cycle power plant was inaugurated in Mary.

In addition, Turkmenistan and Iran intend to jointly develop gas production and promote the development of Iran's gas network. Iran also announced its intention to resume imports of Turkmen gas.

Recall that in 1997 a twenty-five-year gas contract was concluded, according to which the annual volume of Turkmen gas supplies to Iran was 8-10 billion cubic meters. However, in 2016, the exports were suspended due to the lack of payment from the National Iranian Gas Company. As a result, the Stockholm International Arbitration Court ruled that the Iranian side should pay Turkmengaz a debt of $2 billion.

Source: irna.ir

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