MONITORING REPORT ISB: Irans 14th International Electricity Exhibition will kick off in Tehran next week with the participation of a large number of Iranian and foreign companies.

“The electricity will start on November 8-12 where 441 companies are going to participate,” Deputy Energy Minister Hooshang Fallahatian told the media.

“A sum of 15 percent of the Middle Easts electricity output will belong to Iran by 2015,” Marvi said, addressing the 29th International Electricity Conference in Tehran.

Iran currently swaps power with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan, Syria and Iraq.He noted that the power sector now has Irans most important infrastructural industry with a crucial role in the countrys industrial development.

“We are moving on a growing trend in exporting electricity to the neighboring countries, including Iraq, Turkey, Armenia, Pakistan and Afghanistan,” Iranian Energy Minister Hamid Chitchian said.

Iran has constructed power plants twice as many as the average number of power plants constructed in the world during the past decade.

The power generation capacity in Iran has grown by 7 percent annually during the past 10 years.

Iran seeks to become a major regional exporter of electricity and has attracted more than $1.1 billion in investments for the construction of three new power plants.

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