The project on synchronization of power grids of Iran with Russia, Armenia and Azerbaijan is at the stage of implementation, the Iranian Energy Minister Ali Akbar Mehrabian said, the Tasnim news agency reported.

According to him, the preliminary synchronization of power grids of Russia and Iran has been completed, that technical measures for joint synchronization of power grids of Russia, Armenia, Azerbaijan and Iran are also underway. Synchronization and connection of power grids will help stabilize the power system in Iran, the official said.

The minister added that the Islamic Republic is busy developing the technical sectors of the project. He also said that the countries mentioned are also discussing bartering electricity.

"When we require electricity, we can import it from Azerbaijan, Armenia, and Turkmenistan," he said, adding that in times when the country has a surplus, it can export electricity.