Recently, “Feasibility Study of Interconnection of Azerbaijan, Iran, and Russia (AIR Interconnection)” was awarded to Monenco Iran by Azer Enerji. The unique geographical conditions of Azerbaijan, Iran, and Russia creates a special opportunity for electricity interconnection providing a valuable potential for trade of electricity and share of generation resources helping to create north to south corridor and a strategic local hub along the way. Different load patterns among these countries, availability and future possibilities of exporting electricity to neighboring countries of Iran with similar load patterns such as Iraq, Afghanistan, Pakistan, and GCCIA as well as decrement of operation cost, and increment of stability and reliability of involved countries are the potential benefits of this project. In this project, Monenco will be responsible for feasibility study consisting of technical and economic studies for different interconnection capacities and methods including synchronous (AC) and non-synchronous (HVDC) interconnection. As a result, the best scheme will be determined to be used for the interconnection.