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Iran, Turkey Pave Way for Joint Investment in Energy
The Islamic Republic of Iran and Turkey tend to pave the way for their private sectors to make joint investment in energy sector, Turkish minister of energy and natural resources Taner Yildiz said.
Addressing a joint press conference with his Iranian counterpart, Majid Namjoo, in Ankara, Yildiz elaborated on meeting held between Iranian and Turkish energy officials on Tuesday evening.
During the meeting, the two sides reviewed bilateral ties in energy, electricity and water sectors.
"The two sides agreed to form technical committees to pave the way for Iranian and Turkish private sectors to make joint ventures in various energy sectors," Yildiz said.
He said that the negotiations have been fruitful, adding that "the roadmap on expansion of Iran-Turkey ties in energy sector has been drawn and the two sides will sign a new agreement on this in near future."
Majid Namjoo, for his part, regarded the meeting as a new season in Iran-Turkey ties in energy sector.
Based on the roadmap, Iran and Energy will boost their energy transition capacity from the current 500 MW to 1,000 MW in near future, Namjoo said.
The two sides will make joint ventures on establishment of thermal, hydro-electric and wind-electric power plants in the two countries, the official added.
The two sides tonight will sign Iran-Turkey Energy Roadmap.
May 9, 2011 14:13
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