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Weapons of Mass Destruction (WMD)

Pakistan inks accord to import 1,000MW from Iran

IRNA - Islamic Republic News Agency

Islamabad, June 1, IRNA -- Government of Pakistan signed an agreement with Iranian authorities on to import 1,000 megawatts (MW) electricity from Iran, local media reported on Friday.

The agreement was signed between a delegation of Pakistan, headed by Managing Director of National Transmission and Despatch Company Limited (NTDCL) Rasul Khan Mahsud and Iran' Deputy Energy Minister Mohammad Behzad in Tehran on Thursday.

A spokesperson for NTDCL said in a statement that according to the agreement 70 percent funding for the project will be provided by the Iranian government whereas 30 percent will be arranged by the government of Pakistan.

The 1,000 MW electricity import project would likely be completed within three years, while as per negotiations between delegations of both countries, rate of electricity was finalised at 8.0 cents per unit whereas in case of rise in the oil prices in international market a maximum of 11 cents will be charged.

With a view to importing the 1,000 MW of electricity, 7,500 kilometres long 500 KV transmission line is needed to be laid down.

On behalf of Pakistan, National Engineering Services of Pakistan (NESPAK) and from Iran SUNIR are appointed as consultants to make the feasibility studies for laying down the said transmission line to materialise the project.

NTDCL spokesman in a communiqué further added that inking of 1,000 MW of electricity import from Iran is the outcome of Iranian President Mahmoud Ahmadinejad’s last visit to Pakistan where President Asif Ali Zardari and Prime Minister Yousaf Raza Gilani had shown interest in importing power from Iran to mitigate the prevailing energy crisis in the country.

Federal Minister for Water and Power Naveed Qamar who contributed for despatching a negotiation team to Iran for purchasing electricity, said that the government has been taking all steps to cripple down the power crisis.

Islamic Republic News Agency/IRNA NewsCode: 80163568

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