TEHRAN, Iran, July 19. Iran is eyeing export of technical services and energy to Iraq and operate power projects, said a member of Energy Commission in Iran Chamber of Commerce Hamidreza Salehi, Trend reports citing ILNA.
"Iran can undertake projects that worth up to $40 billion and participate in launching Iraq's factories in addition to its power export," he said.
The official has underlined that Iraq is a golden opportunity for electricity projects and Iranian companies have the capacity to build the infrastructures in Iraq and generate non-oil revenue. Iran can export electricity to Iraqi factories and invest in power distribution section.
Salehi pointed out that power networks in Arab countries are expanding and Turkish, Saudi and Emirati companies can capture the Iraqi market.
Saudi Arabia is expected to supply 1,000 megawatts (MW) of electricity to Iraq in the first phase of a project to link their power networks.
Salehi stressed that Iran needs 10,000 megawatt electricity and should increase the production of power plants to connect the country's power network to neighboring countries.