• $ 1.7
  • € 1.9026
  • ₽ 0.021146
  • ₺ 0.0438
  • £ 2.2564

Azerbaijan, Iran, and Russia are preparing to launch electricity exchange

Azerbaijan, Iran, and Russia are preparing to launch electricity exchange
16.05.2025 15:41

The feasibility study for the integration of the power systems of Azerbaijan, Iran, and Russia has been completed, and the three countries are ready to move forward with practical implementation. In the first phase, up to 200 MW of electricity will be transmitted from Russia to Iran via Azerbaijan’s grid.

The announcement was made by Russian Deputy Energy Minister Yevgeny Grabchak during a roundtable titled “Russia–Iran: Localizing Gas Turbine Production” held in Kazan.

“Discussions are actively ongoing. Around 200 MW can already be transferred to Iran through Azerbaijan. We are awaiting the official position of our Azerbaijani colleagues. We have agreed to hold trilateral consultations soon. The feasibility study is complete — we know the costs, and the project is technically feasible,” Grabchak said.

The project aims to establish an integrated regional power network to improve energy supply stability and facilitate electricity exchange among the three countries.

Similar news
Similar news
Shell exits Albania, government invites SOCAR to step in
Business 17:30
Shell exits Albania, government invites SOCAR to step in

Free Debit Card from Yelo Bank!
Business 17:19
Free Debit Card from Yelo Bank!
MP proposes exemption from certification exams for near-retirement doctors
Business 16:30
MP proposes exemption from certification exams for near-retirement doctors
Azerbaijan, Iran, and Russia are preparing to launch electricity exchange
Business 15:41
Azerbaijan, Iran, and Russia are preparing to launch electricity exchange
12 ADA University students to join Azercell’s summer internship program
Business 14:29
12 ADA University students to join Azercell’s summer internship program
Another opportunity from Birbank Biznes for women entrepreneurs: Join She’s Next initiative and get a chance to win 15,000 AZN
Business 14:23
Another opportunity from Birbank Biznes for women entrepreneurs: Join She’s Next initiative and get a chance to win 15,000 AZN
EBRD and Unibank to Support Trade Financing in Azerbaijan
Business 14:18
EBRD and Unibank to Support Trade Financing in Azerbaijan
Azerbaijan outlines green energy priorities at EBRD event in London
Business 12:30
Azerbaijan outlines green energy priorities at EBRD event in London
US crypto exchange Coinbase hit by cyberattack
Business 11:30
US crypto exchange Coinbase hit by cyberattack
Anews TV

Our official Youtube channel

Subscribe