The objectives of the upcoming visit are to complete the conducted work on the synchronization of energy systems of the two countries and to sign a new treaty in this area, Falahatian told on July 27.

“The setting of electricity tariffs will be discussed at the meetings to be held in Azerbaijan,” he said. “Previously Iran and Azerbaijan have distributed all work on the synchronization of energy systems among themselves.”

"The power plants and transmission lines have been built,” he said. “The infrastructure is fully ready. We hope that a final agreement will be reached and an agreement on the synchronization of the energy systems will be signed during this visit."

He said Iran informed the Azerbaijani side about its readiness to sign an agreement on the purchase of electric power in Azerbaijan after the synchronization of energy systems of the two countries.

"Moreover, Azerbaijan has expressed interest in investing in Iran’s renewable energy, including the construction of geothermal power plants and we welcome this," he said.

“Earlier, Iran officially announced the electricity tariffs, which will be generated at the new power plants,” he said. “Moreover, the power plants guarantee the electricity provision for 20 years.”

Falahatian stressed that Iran invites Azerbaijani investors to invest in Iran.

“By synchronizing their energy systems, Azerbaijan and Iran are creating the basis for the future electricity exchange with third countries, including Russia,” he said.

"The electric power can be transferred between Iran and Azerbaijan on the territory of Azerbaijan," he added.

After the synchronization of energy systems of the two countries, Iran will be able to share power with Russia, and Azerbaijan through Iran – with Afghanistan and Iraq.

Earlier, Iranian ambassador to Azerbaijan Mohsen Pak Ayeen said that the two countries agreed on the electricity transfer from Azerbaijan to Iraq and Afghanistan through Iran.

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