Pakistan’s Minister for Water and Power says Iran being neighbor of Pakistan is the best option and cheapest route to import oil, gas and electricity for the energy starved country.
Khawaja Muhammad Asif said lifting of sanctions have opened up new possibilities for increase in import of energy from Iran to Pakistan to 100 MW, and then to 1000 MW and after that to 3000 MW.
Pakistan, which is facing severe energy shortage, is currently importing 74 MW of electricity from Iran.
Electricity import from Iran through land is the cheapest option for Pakistan, he told IRNA.
“We hope that during the upcoming visit of Iran President Hasan Rouhani to Pakistan, there will be major breakthrough in our trade relations and relationship as whole also,” he said.
Islamic Republic of Iran’s President Hassan Rouhani will lead high economic and political delegation to Islamabad later this week on Friday and Saturday. A big trade delegation including dozens of Iranian traders from private sector will accompany President Rouhani to Pakistan.
Khawaja Muhammad Asif hoped that in the next two to three years Pakistan will be able to increase the import of electricity from Iran to at least 1000 MW and in the second stage it may take it up to 3000 MW.