Iran, Korean Firm Sign Deals on Electrical Projects

Based on the agreements, signed in Tehran on Saturday, the South Korean company will help Iran recover SF6 gas (sulphur hexafluoride) in the electricity industry in compliance with the Clean Development Mechanism (CDM), and assist Iran in developing Building Energy Management System (BEMS) solutions in the construction industry.

Sulfur hexafluoride is an inorganic, extremely potent greenhouse gas, which is an excellent electrical insulator. It is widely used in the electricity industry. South Korea will now help Iran recover the gas, according to the Clean Development Mechanism, defined in Article 12 of the Kyoto Protocol, which allows a country with an emission-reduction or emission-limitation commitment to implement an emission-reduction project in developing countries.

The other agreement would allow Iran implement BEMS in buildings to save energy. BEMS are computer-based control systems that control and monitor a building’s mechanical and electrical equipment such as heating, ventilation, lighting, and power systems. They connect the building facilities to a central computer to allow control of on/off times, temperature, humidity, etc.

In September 2016, Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj said in an official visit to South Korea that Tehran and Seoul have agreed to promote bilateral trade.

He noted that Iran seeks establishment of joint research and development centers by Iranian and Korean companies.

There has been a new wave of interest in ties with Iran since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear deal in July 2015 and started implementing it in January 2016.

The comprehensive nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.