Iran submits proposal for SCO energy consortium to boost cooperation

Iran submits proposal for SCO energy consortium to boost cooperation Iran has proposed the creation of an energy consortium among members of the Shanghai Cooperation Organisation (SCO) aimed at improving coordination of energy supply and demand across the bloc. Iranian deputy energy minister Mostafa Rajabi said the proposal, including a draft statute for the consortium, was submitted to member states during a meeting of SCO energy ministers in Moscow and could be considered at the organisation's next leaders' summit. Rajabi also called for the synchronisation of electricity grids among SCO members as a way to address power shortages and strengthen regional energy cooperation.