'Iran may export power to India'

Iran is likely to supply 5,000 Mw of electricity to India as power exports are more cost- efficient, says an Iranian media report. Quoting Iran's Energy Minister Majid Namjou, the Press TV has said India has indicated its willingness to import 5,000 Mw of electricity from Iran. "Transferring electricity is less costly compared to (exporting) natural gas," Namjou was quoted as saying to reporters on Sunday. According to the report, India is currently producing 17,000 Mw of power from renewable energy sources.