Tehran is considering a twofold increase in power exports to neighbouring Turkey after a new electricity transfer line between the two countries becomes operational. Iran is currently exporting about 230 kilovolt per day(kV/d) of electricity to Turkey and the new transfer line will increase that capacity to 400 kV/d. Iran currently uses two power transfer lines to export electricity to Turkey and the Turkish private sector has been negotiating withthe Iranian side to import more electricity. The country is currently exchanging electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan,Nakhichevan, Turkey and Turkmenistan and plans to add 5,000 megawatts of capacity to its power grid annually. According to the Iranian Energy Ministry statistics, the country will be exporting up to USD 1 billion in electricity by March 2012. Iran's total power generation capacity stands at 63,403 MW while total length of the power grid exceeds 780,000 km. Exchange of electricity with neighbouring countries reached1,341 MW in late December 2010. The top exporter was Armenia with 237megawatts, and the top importer of Iranian electricity was Iraq with 650megawatts. Iran seeks to become a major regional exporter of electricity and has attracted more than USD 1.1 billion in investments to build three new power plants.