"Iran supports the plan and we believe that the existing potentials in these countries can be complementary to each other and meet the interests of all," Jahangiri said in a meeting with Georgian Prime Minister Giorgi Kvirikashvili in Tehran on Saturday.
Noting that Georgia enjoys good water and wind resources as well as a privileged geographical situation, he said that Iran can transfer its know-how and experience in building dams and turbines to Georgia.
Kvirikashvili, for his part, stressed the importance of cooperation with Iran, Russia, Georgia, Armenia and Azerbaijan, and said his country will put on agenda purchasing turbines from Iran in case of building new power generation plants.
Tehran and Tbilisi signed three memoranda of understanding (MoU) on Saturday to broaden their mutual cooperation in different fields.
The three MoUs were signed in the areas of sport, agriculture and information technology at the presence of Jahangiri and Kvirikashvili.
The two countries' private sectors also signed a cooperation pact to construct refinery complex and tile- and ceramic manufacturing factories in Georgia.
The Georgian prime minister, heading a high-ranking politico-economic delegation, arrived in Tehran at the invitation of Jahangiri.
The visit comes three days after Iranian Foreign Minister Mohammad Javad Zarif's visit to Georgia within the framework of a three-nation trip that also included Turkmenistan and Kyrgyzstan.
The two sides have called for cooperation in judicial, academic, transit pathway, banking fields as well as joint ventures, establishment of industrial estates and energy and gas cooperation between the two countries.
According to Zarif, the volume of trade transactions between the two countries has had a 50 percent increase in 2016 as compared to last year.