Iran signs two-year contract with Iraq to export electricity

Iran has signed a two-year contract with Iraq to export electricity to the neighbouring country, Iranian state news agency IRNA on Thursday quoted the country’s Energy Minister Reza Ardakanian as saying.

“We signed a contract with Iraq for exporting electricity in 2020 and 2021,” said Ardakanian, who travelled to Iraq on Wednesday.

“With coordination of the Iranian embassy in Iraq, half of the disbursement worth $400 million was received during the trip.”