Iran’s MAPNA Group and Korea Electric Power Corporation (KEPCO) of South Korea signed a memorandum of understanding on Monday in a bid to launch joint investment projects.
In a meeting between senior officials of the two companies MAPNA CEO Abbas Aliabadi and his South Korean counterpart Cho Hwan-Eik signed an MoU for joint investment in power plant projects.
The event was hosted by MAPNA in its central office in Tehran.
CEO of MAPNA Group Abbas Aliabadi welcomed the KEPCO delegation visiting Iran, wishing them a fruitful stay in the country.
Reminding of previous visits to South Korea in his capacity as Deputy Minister of Power, Mr. Aliabadi expressed hope that collaboration between the two private companies proceed swiftly and effectively.
“Our governments’ support is the strength of this collaboration” Aliabadi added, welcoming joint projects between MAPNA and KEPCO in diverse energy-related field.
KEPCO CEO Cho Hwan-Eik also expressed delight in visiting MAPNA. Mr. Hwan-Eik pointed to the Iranian President Hassan Rouhani’s recent visit to MAPNA, calling it a meaningful event. “Of the ten MoUs we have signed during our visit to Iran, the one with MAPNA is the most important of them all,” he added.
KEPCO officials have traveled to Iran as part of a 236-strong delegation of business and industrial figures. The delegation accompanies South Korean President Park Geun-hye during her historical three-day visit to Iran which kicked off on Sunday.