Iran has hiked exports of power supplies to the neighboring countries by over 21.67% since the beginning of the new Iranian year (started March 21), the country’s Energy Ministry announced.

According to the report, Iran exported over 2,701 gw/h of electricity to the neighboring countries since the start of the current Iranian year.

With the implementation of subsidy reforms law, not only domestic electricity consumption has reduced but also annual growth in electricity demand has been checked, thus paving the way for further export of electricity to the neighboring countries, Fars News Agency reported.

Iran has power swap deals with Armenia, Pakistan, Turkmenistan, Turkey, Azerbaijan, Iraq, Afghanistan and the autonomous region of Nakhichevan. The rate of exchanges hit 1,332 megawatts on August 2.