Iran is currently exporting items and equipments related to water and power industries to South Africa, Armenia, Oman, Nigeria, Syria and Iraq, an Iranian energy official announced.

“Some 40 goods which are strategically important in the power industry are domestically produced and 6 others have been technologically indigenized,” Mohsen Marjan-Mehr told the Mehr news agency.

Iran has reached self-sufficiency in producing equipments for the domestic power electricity industry, Iran power generation transmission and distribution management company (TAVANIR) managing director said earlier this month.

“Iran is currently producing 64,000 megawatts of electricity per year. The country stands in the 14th place worldwide in terms of electricity generation,” Homayoun Haeri added, the IRNA news agency reported.

The deputy energy minister announced in October 2011 that the value of Iran’s electricity exports will reach 1 billion dollars in the current Iranian calendar year which ends on March 19.

"Iran's electricity exports and related technical and engineering services exports will reach $4 billion this year, of which the country's net electricity exports will be $1 billion,” Mohammad Behzad explained.

"Iran currently exchanges electricity with Turkey, Armenia, Turkmenistan, Azerbaijan, Pakistan, Afghanistan, and Iraq," he added.