Korea and Iran in desalination deal

An agreement to construct a new 60 Ml/d desalination plant in Iran is one of three deals worth some US$ 1.6 billion signed by Iran and South Korea recently.

According to a report in the Tehran Times, Korean steel maker Posco and Korea Electric Power Corp (Kepco), have signed a memorandum of agreement (MoA) to build the desalination facility in Iran’s Chabahar Free Trade-Industrial Zone.

Posco and Iranian steelmaker Pars Kohan Diar Parsian Steel (PKP) signed another MoA to build jointly a steel mill in Chabahar Free Trade-Industrial Zone the Tehran newspaper said.

The deals were signed at and Iran-Korea Business Forum in Tehran where Posco’s electricity-generating arm, Posco Energy, also signed a memorandum of understanding with PKP to build a 500 MW power plant fueled by gas generated by the planned steel mill, according to newspaper, Korea Times.