Iran's Energy Minister Reza Ardakanian said the 120 German firms engaged in Iran's energy ventures will continue their operations.
After holding talks with German Federal Minister for Economic Affairs and Energy Peter Altmaier, Ardakanian said on Thursday in Munich, "German enterprises, including Siemens engineering company, will meet their commitment to Iran's energy projects," IRNA reported.
The Iranian minister was invited to participate in IFAT 2018, the world's leading trade fair for water, sewage, waste and raw materials management, held in Munich, Germany, from May 14-18.
Ardakanian held a meeting on Thursday with Altmaier during which the two sides explored ways of boosting bilateral ties in water and energy fields.
The two sides agreed to hold a joint economic commission for devising a roadmap to boost energy collaborations.
Altmaier expressed hope that Tehran and Berlin can come up with a practical strategy to strengthen their cooperation in the upcoming economic commission to be held by the yearend.
Ardakanian also met with Germany’s Federal Minister for the Environment, Nature Conservation and Nuclear Safety Svenja Schulze on launching joint ventures in water and environmental fields.
Referring to sharing water with neighboring states such as Turkey, Ardakanian called for the transfer of Germany’s experience for undertaking Iran’s projects on the rivers in east and west of the country.
"Water crisis is a global threat," Schulze said, adding that to tackle the challenge, regional and global teamwork is required.
The Iranian minister also met with the German Ambassador to Iran Michael Klor-Berchtold last month, during which he said the two countries can increase cooperation in the fields of energy, such as water and solar power, which depends on receiving positive signs from Germany for finalizing past agreements.
Ardakanian said Iran has signed agreements on financing power plant turbines, among others, with the German ministries of environment and economy.
Germany accounts for about 60% of investments made by European Union states in Iran.
