S.Korea invests in building wind power plant in Iran

EghtesadOnline: South Korean investors have signed a memorandum of understanding with local companies to construct a wind power plant in Southeastern province of Sistan- Balouchestan, a local official said.

News ID: ۷۷۰۳۳۴

13 October 2016

Speaking to IRNA, Manda Zangeneh, an official affiliated to the Sistan-Balouchestan Governorate said that Korean investors have declared interest to help local companies to build a 100-megawatt wind power plant in the Mil-E Nader region north of the Sistan-Baluchestan province.

According to the cooperation documents signed between the local companies and Korean investors, 220 million dollars of investment is needed to be absorbed to build the wind power plant in an area of 100 square kilometer, the official added.

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-Baluchestan which is one of the windiest provinces in Iran.