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Iran to Boost Power Exports to Pakistan, Fars says

June 3 (Bloomberg) -- Iran signed an agreement with Pakistan to increase electricity exports to its eastern neighbor to 1,000 megawatts, the state-run Fars news agency reported, citing Iranian Deputy Energy Minister Mohammad Behzad.

The countries will build a transmission line for electricity between the city of Zahedan in southeastern Iran and Quetta in western Pakistan, Behzad said, according to the report published yesterday.

The project will require an investment of $700 million and will be jointly financed by the two countries, the official Islamic Republic News Agency reported, citing a statement from the Energy Ministry today.

Iran has doubled its power exports to Pakistan to 70 megawatts a day in the Iranian year starting March 20, it said.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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