"Bilateral cooperation in the energy sector is successfully developing in the areas of electricity production and transmission," said the new ambassador of the Islamic Republic of Iran to Azerbaijan, Mojtaba Demirchilu, in an interview with APA.
According to him, both sides are promoting new projects for electricity generation and exchange.
"At the same time, the program on the trilateral integration of power grids between Iran, Azerbaijan, and the Russian Federation is in its final stage, which will allow energy exchange on a reciprocal basis when needed. Gas exchange — swap operations — is also continuing successfully. In particular, the project for delivering Azerbaijani gas to the Nakhchivan Autonomous Republic through the territory of Iran is underway.
In addition, discussions on the joint development and operation of hydrocarbon fields in the Caspian Sea are ongoing. Iran and Azerbaijan are keeping on the agenda the issue of completing and commissioning the Khudafarin and the Maiden Tower hydroelectric power plants. These mentioned projects are not limited to contributing to electricity supply but also play an important strategic role in the efficient management of water resources and in the agricultural sector."