Iran, Slovenia to carry joint venture water, electricity project

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Visiting Slovenian Minister of Economic Development and Technology Zdravko Pocivalsek conferred on Sunday with Minister of Energy Hamid Chitchian on ways to carry out joint venture projects in the energy sector.

Chitchian invited the Slovenian companies to cooperate in financing the water and electricity projects in the Islamic Republic of Iran.
The two sides signed memorandum of understanding (MoU) on expansion of cooperation in electricity and energy sectors, said the Iranian minister.
The presence of Slovenian economic delegation to Iran and opening of their trade office in Tehran will lead to bolstering of economic and commercial cooperation, Chitchian said.
The key to the success of Slovenian companies in the Islamic Republic of Iran is the joint investment in the Iranian companies, he said.
He said that the Islamic Republic of Iran has currently the capacity of 74,000 megawatt power generation to be raised by 50,000 megawatt in next ten years.
Iran is currently exporting over 10 billion of kilowatts electricity to Turkey, Afghanistan, Pakistan and Iraq, he said.
Iran welcomes the finance of Slovenian companies to implement projects inside the country, he said.
Trade between Iran and Slovenia stood at euro 22 million last year, but the figure should be increased three folds to euro 60 million, said the Slovenian minister.
Signing the MoU will be regarded as the first move to establish joint commission between the two countries which will be regarded as the first step to broaden commercial and economic cooperation.
Slovenia is determined to increase cooperation in construction of automation, energy, hydro-mechanic, hygienic water and economic relations, he said.

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