DUSHANBE, July 28, 2008, Asia-Plus - Iran’s Power Industry Syndicate and Kazakhstan''s Electricity Grid Operating Company (KEGOC) have signed a memorandum of understanding to boost cooperation, reported Teheran Times.

Mohammad Parsa, Iran’s Power Industry Syndicate’s Chairman, and Satkaliyev Almasadam Maidanovich, President of KEGOC signed the MOU.

According to the signed MOU, the Iranian side is supposed to export technical engineering services and electrical equipments to Kazakhstan.

Iran’s Power Industry Syndicate will also provide the ground for Kazakh companies to take part in Iran’s power section privatization and the Kazakh side is supposed to help Iranian companies to take part in Kazakhstan power industry’s bids.

Cooperation in power saving, reducing electricity dissipation over power transmission and distribution lines, study and investment in renewable energy resources such as wind and solar energies, and technology exchange are among the MOU’s other stipulations.