Iran, South Korea sign MoUs to co-op in energy sector
Baku, Azerbaijan, Apr. 29
By Fatih Karimov – Trend:
Iran and South Korea signed two memorandums of understanding (MoU) to cooperate in energy sector.
The deals were signed by Arash Kordi, the managing director of Iran's Power Generation, Distribution and Transfer Company (TAVANIR), and Hyang-Reol Lyu, executive vice president of Overseas Operations of Korea Electric Power Corporation (KEPCO), in Tehran on Apr. 29, Mehr news agency reported.
The documents envisage cooperation in the fields of Clean Development Mechanism (CDM) and Energy Storage System (ESS).
On the sidelines of the signing ceremony, Kordi said that the South Korean firm will provide Iran with technical assist for collecting, purification and reusing SF6 gas in electrical grids.
Under the deal, SF6 gas purification devices will be imported from the South Korea and will be installed in various locations in the country, he said, adding that the deal will prepare grounds for transfer of the aforementioned technology to Iran.
Kordi further said that the South Korean firm will also carry out a pilot ESS project in Iran according to the second MoU.
If the pilot project is successful, the system can be installed in high-rise buildings, hospitals and etc in Iran, he added.
Korea Electric Power Corporation, better known as KEPCO, is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO is responsible for 93 percent of Korea's electricity generation.