S Africa eyes Iran's participation in its energy market

TEHRAN, Apr. 24 (MNA) – South Africa's energy minister expressed her country's readiness to cooperate with Iranian companies in electricity and energy projects.

Tina Joemat-Pettersson, who is part of the trade delegation accompanying President Jacob Zuma to Tehran, said South Africa is ready to turn MoUs inked today with the Iranian side into trade proposals for conducting transactions, adding "the position of South Africa in the European Union can serve as a good opportunity for Iranian companies to show their true potentials."

She added that South Africa welcomes the participation of Iranian firms in projects related to generating electricity from renewable energies such as water, wind, sun and geothermal.

Iran has the capacity to become the ninth major producer of geothermal energy in the world, she said.

"The economic mobility of the two countries relies on energy cooperation and development of infrastructure," Pettersson said, while noting that energy transfer faces a lot of difficulties in the region.

"The power grids in South Africa are not stable enough, and we are hoping Iran's Ministry of Energy will help stabilize our country's electricity industry, and cooperate in the areas of monitoring and training South African experts in Iran," she said.     

 

MS/3606717

 

News Code 116066

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