Korea Electric Power Corporation, better known as KEPCO has voiced its preparedness to build a 1,000 megawatt power plant in southeastern Iran.

Hank (Ki Hwang) Hahm, the CEO of the Korean electric utility, said KEPCO is ready to invest and set up a power plant in Chabahar free zone.

The project can be implemented via BOT (Build-Operate-Transfer), the South Korean official said in a meeting with the officials from Chabahar Free Zone Organization, IRNA reported.

KEPCO is seen as the largest electric utility in South Korea. The company is responsible for the generation, transmission and distribution of electricity and the development in the Asian country. It is said to be responsible for nearly 93% of Korea's electricity generation.

By Press TV