TEHRAN (FNA)- Tehran and Seoul signed a memorandum of understanding (MoU) to broaden their cooperation on the construction of wind power plants in Iran.
The MoU was signed between the South Korean investors and the Iranian companies on Tuesday.
The South Korean investors have declared interest to help the Iranian companies to build a 100-megawatt wind power plant in the Mil-E Nader region to the North of Sistan and Balouchestan province in Southern Iran.
According to the cooperation documents signed between the local companies and Korean investors, $220 million of investment is needed to be absorbed to build the wind power plant in an area of 100 square kilometers.
Nowadays, utilizing renewable energies is considered as a solution to the energy crisis. Wind energy is one of the most available forms of renewable energies which originated from Iranian windmills in Sistan and Balouchestan which is one of the windiest provinces in Iran.
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