40829
Tavanir, KEPCO Sign MoU Worth $10 Billion
Energy

Tavanir, KEPCO Sign MoU Worth $10 Billion

Iran Power Generation, Distribution and Transmission Company (Tavanir) and South Korea Electric Power Corporation (KEPCO) signed a memorandum of understanding on Tuesday worth $10 billion for upgrading Iran's power infrastructure, reducing energy wastage and making the national grid smart.
Speaking on the sidelines of a ceremony to conclude the agreement in Tehran, Houshang Falahatian, deputy energy minister, said the MoU calls for KEPCO's cooperation with Iran's Energy Ministry to install smart electricity meters, renovate Tehran's dilapidated power equipment and improve power plants' efficiency with the help of a credit line to be opened by the southeast Asian state.
According to the official, the Korean company has also been tasked with conducting feasibility studies to enhance electricity voltage level from 400 kilovolt to 765 kV, Mehr News Agency reported.
"The agreement also calls for technology transfer to Iran aimed at updating the know-how of Tavanir's experts," he said, noting that the Energy Ministry is committed to pave the way for domestic private enterprises to collaborate with Koreans.
Asked about other agreements, Falahatian noted that three separate memorandums of understanding were signed with the Korean company to construct power plants with a capacity of 1500 megawatts.
Iran’s electricity industry, with an installed power generation capacity of 74,000 MW, ranks 14th in the world and first in the Middle East in terms of electricity generation.
It is the largest exporter and importer of electricity in the Middle East and exports electricity to Armenia, Pakistan, Turkey, Iraq and Afghanistan.

Short URL : http://goo.gl/6xqL3d
  1. http://goo.gl/wwZ3DT
  • http://goo.gl/C0l3hJ
  • http://goo.gl/9QulZW
  • http://goo.gl/7nYICT
  • http://goo.gl/fPcnEU

You can also read ...

Offshore drilling is expensive in a time of relatively low oil prices.
The US administration on Friday said it would offer the...
Egypt to Import LNG   From France
Egyptian Natural Gas Holding Company has arranged for the...
India to Increase Oil Imports From Iran
In April through January, the first 10 months of this fiscal...
UAE Committed to OPEC Output Reduction Deal
The UAE will remain committed to the global oil output...
The national gas network accounts for providing 70% of the country's energy.
In line with efforts to deliver natural gas to far-flung...
SP Phase 13 Ready to Deliver Sweet Gas
The first gas sweetening train in Phase 13 of South Pars Gas...
NPC Subsidiary, Foreign Firms in Scientific Coop.
The Petrochemical Research and Technology Company of Iran...

Trending

Googleplus