Iran and Iraq renew their power trade agreement

Iran and Iraq have renewed their power trade agreement, according to which the former is going to export 1,200 MW of electricity to the latter each year via three transmission lines linking Iraq’s Basrah, Diyala and Amarah. Iran’s energy minister and Iraq’s minister of electricity signed initial accords for increasing the cooperation in the segments of power generation and exports, and for the transfer of latest power sector technology. The first power contract between the two countries was signed way back in 2005, under which Iran was required to export 150 MW of power to Iraq. The contract is renewed every year.