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Korea promises Mongolia
cooperation in rare earths
SOUTH KOREA SOUTH Korea and Mongolia pledged to work would seek synergies between Mongolia’s natu-
together to bolster their partnerships during ral riches and Korea’s modern technologies.
the South Korean foreign minister’s first visit Park visited Mongolia for three days. It was
to Mongolia in eight years, the Korea Herald the first visit to the country by a high-ranking
reported on August 29. official from Seoul since Korea and Mongolia
Park Jin and Battsetseg Batmunkh, the South established a “strategic cooperation” in Septem-
Korean and Mongolian top diplomats, respec- ber 2021.
tively, agreed, for instance, to build a cooper- Park told reporters on August 28 before leav-
ative centre on rare earth elements to improve ing for Ulaanbaatar: “We want to increase collab-
economic security ties. Regional security, North oration with Mongolia, one of the world’s top 10
Korea and supply chain resilience were among resource-rich nations, to stabilise and diversify
other matters addressed. supply chains.”
“We will push for steps to work to achieve
synergy from South Korea’s infrastructure and
Mongolia’s rare earths for high-tech semicon-
ductors and displays, and rare metals for bat-
teries,” Park was cited as saying at a joint press
conference.
Battsetseg added that the two countries
Iran has potential for 1mn
household solar plants
IRAN IRAN has the potential to establish 1mn house- The energy ministry has lately issued per-
hold solar power plants with an electricity gen- mits for the construction of solar farms with a
eration capacity of 5,000 megawatts, according combined capacity of 4GW in the next two years
to the Association of Iranian Manufacturers and across the country.
Suppliers of Renewable Energy Products and Officials want to see 10GW of new renewa-
Services (Satka). bles capacity developed in Iran by 2025, accord-
Small-scale solar power plants used by ing to the ministry.
households or small industry are increasingly Earlier this year, Energy Minister Ali-Akbar
noticeable, according to the association. The Mehrabian said Iran’s solar farm installed capac-
solar power sector got a boost in late July when ity was nearly 900MW. That’s equivalent to 49%
Iranian President Ebrahim Raisi inaugurated the of Iran’s electricity generation capacity from
country’s biggest solar panel production unit, it renewables, according to the country’s Renew-
also noted. Located in central Markazi Province, able Energy and Energy Efficiency Organisation
the plant has the capacity to produce solar panels (Satba)..
with a total capacity of 500MW annually. After Renewables, including hydropower, account
further development, that capacity will increase for 7% of Iran’s total energy generation, official
to 1,500 MW. data shows. Natural gas accounts for 90%.
Iran’s biggest solar farm yet, with a 100-MW
capacity, is to be established near the plant.
Week 35 31•August•2022 www. NEWSBASE .com P9
