Islamabad, March 7, IRNA -- Pakistan has expedited negotiations with Iran over imports of 1000 MW electricity aimed at eliminating power shortfall as early as possible, a media report said on Friday.
Daily ‘Business Recorder’ reported that a two-member delegation will visit Iran from 17-18 March 2014 to finalize an agreement on imports of 1000 MW electricity.
The delegation will comprise Additional Secretary Water and Power Sohail Akbar Shah and Managing Director, NTDC, Zia-ud-Din.
The project was conceived pursuant to a Memorandum of Understanding (MOU) signed by the Iranian and Pakistani officials on April 8, 2007, in Tehran.
A delegation led by former Managing Director, NTDC, visited Tehran in June 2012 and signed a MoU with TAVANIR, Iran, which included the negotiated tariff.
It was agreed that the price of electricity for an initial period of five years from COD will remain 8.00 to 11.00 cents/kWh depending upon the price of crude oil, which will remain within the limits of $78.57 per barrel and $121.43 per barrel.
Federal Cabinet is expected to approve the MoU with Iran on import of electricity in its forthcoming meeting.
The Pakistani delegation will also discuss progress on transmission line for the import of 100 MW electricity for bordering areas of Balochistan.
