The deputy head of the Iran Power Generation, Transmission & Distribution Management Company (TAVANIR) for foreign trade affairs pointed to the situation of the electricity exchange of the country with its neighbors and added that Iran is one of the largest electricity generating countries in the region, with about 93,000 megawatts of installed capacity.

Currently, Iran imports electricity from the Republic of Azerbaijan, Armenia and Turkmenistan and exports electricity to Iraq, Pakistan and Afghanistan in return, Mohammad Allahdad stated.

He went on to say that Iran also exports and imports electricity to/from neighboring Turkey bilaterally, Mehr news agency reported.

Allahdad said the electricity exchange between Iran and Turkey exceeded 50 megawatts over the previous years but with the construction of the HBDC Back to Back substation in Turkey’s Van border point, the country’s exchange of electricity has increased from 50 to 450 megawatts.

One thing that can foil the US plot is activating the country’s production and export sectors, Rouhani said via video links while opening five industrial projects in southeastern Sistan and Baluchistan province.

He added that the government is making all-out efforts to remove the obstacles in the way of production.

He further said that an electronic government would facilitate the administrative processes. “The electronic government is one of the objectives the government will pursue seriously this year and people will see the results in the coming months”.

The Iranian president also said that the government will ramp up pressure on the country’s exporters to return the hard currency they have earned over the past two and a half years to the forex market where prices have soared to highs not seen in decades.

After a brief hiatus, major currencies resumed rallies going back to their bad old ways on Wednesday as Central Bank of Iran’s selected moneychangers demanded higher rates.

The US dollar rose to 224,000 rials in the free market, up approximately 5,000 rials compared to a session earlier to grab 2.3% gain overnight. Euro hiked about 1.5% to 250,000 rials and the UK pound sterling fetched 279,000 rials, up slightly from 276,000 rials the day earlier.