Foreign companies permitted to export Iran’s electricity

TEHRAN, Oct. 07 (MNA) – Iran’s Deputy Energy Minister has announced the government’s agreement to allow export of Iran’s electricity by foreign companies in charge of building power plants.

After the German and Italian companies expressed interest for construction of power plants in Iran, a new round of negotiations has begun with South Korean power companies to develop bilateral cooperation in Iran’s power industry during the post-sanction era.

Accordingly, the talks between Iran’s Energy Ministry officials and representatives of four South Korean companies were held in Tehran on Tuesday.

Iran’s primary suggestion to South Korea’s electric power companies was export of Iran’s electricity to neighboring countries as the government has issued the relevant license.

At the joint meeting with the representatives of South Korean companies on Tuesday morning, Alireza Daemi noted that the Iranian government has predicted very good conditions and facilities for foreign investors, adding "operating joint projects in third countries could be part of the agreement between Iran and South Korea as Iran currently has the capability for the implementation of various projects in neighboring countries like Turkmenistan and Tajikistan."

The official pointed that international cooperation is essential for the country asserting that, “currently, Iranian companies are undertaking 80 major projects in different world countries providing a good condition for new initiatives with the participation of Korean companies.”

Underling the government’s plan to promote renewable energy, the official said that, “due to its special geographical situation, Iran possesses high capacities for wind and solar energy and the Korean knowledge can be helpful in this regard.”

“Similar to the Korean’s significant and successful presence in Iran’s automotive industry, they are capable of having a good participation in Iran’s water and energy industries as well,” Daemi concluded.

HA/2933540

News Code 110791

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