ISLAMABAD - Pakistan would import 100MW electricity from Iran for which the transmission line would be installed from Iran to Gwadar. The transmission line launching ceremony would be held next month, this was decided during a meeting of Ambassador of Iran to Pakistan Mashallah Shakeri with Minister for Water and Power Raja Pervez Ashraf. The two dignitaries also discussed matters of mutual interests and bilateral relations to further boost economic ties between the two countries, stated an official handout on Friday. "It was decided in the meeting that launching ceremony of transmission line for import of 100MW power for Gwadar from Iran will be held in next month during the visit of Iranian Minister for Energy to Pakistan on October 15 to 17. It was also agreed to expedite the process of importing 1000MW power by Pakistan from Iran on fast track basis for its early completion," it added. The Ambassador offered to invest in the power projects and said that the Iranian companies were also interested for up-gradation projects of transmission lines system in Pakistan on low-cost basis. He also offered sizeable investment in hydro power plants and expressed intention to finance power projects in Pakistan. The Ambassador stated that the Iranian government would provide all type of assistance to the new political government in every sector. The Minister while welcoming the Iranian envoy said Pakistan had close brotherly relations with Iran and valued its help and support and was desirous of expanding bilateral relations in all sectors. The Minister said Pakistan was currently facing many internal and external challenges and energy deficit was also one of them. The government is taking necessary measures to generate electricity to bridge the demand and supply gap through fast track projects. The government has planned to bring 35,000MW by the year 2016 and steps are being taken in this regard. He informed that the government now attached high priority to exploit the indigenous resources like coal, hydel and wind for power generation. He said that first wind mill in the private sector would be operative next month. Ashraf lauded the offer of the Iranian side and said that Pakistan had already signed an MoU to purchase 1000MW electricity from Iran. He also assured his full support and assistance to facilitate Iranian investors to invest in water and power sectors in Pakistan.