• Wed / 14 October 2015 / 14:33
  • Category: Politics
  • News Code: 94072214828

German, Iran firms ink solar energy accord

German, Iran firms ink solar energy accord

TEHRAN (ISNA)- Germany’s Green Energy 3000 GmbH has signed an agreement to generate 10 megawatts of solar power in the southwestern Iranian city of Ahvaz.

TEHRAN (ISNA)- Germany’s Green Energy 3000 GmbH has signed an agreement to generate 10 megawatts of solar power in the southwestern Iranian city of Ahvaz.

The MoU signed with Khuzestan District Electricity Company (KDEC) is a prelude to the German holding’s construction of a 100-megawatt power plant in the province, KDEC head Mahmoud Janqorban said on Wednesday.

He signed the agreement with Managing Director of Green Energy 3000 Andreas Renker who welcomed the new opening in trade relationship between Iran and Germany after the July conclusion of nuclear talks.

“It is import to us to upgrade economic cooperation between Iran and German,” the Tasnim news agency quoted him as saying in Ahvaz.

The two countries signed a document for generation of 100 megawatts of wind power plus 400 MW of solar in Khuzestan first in August.

Italy’s Fata, the engineering unit of the country’s leading industrial group Finmeccanica, signed then a 500 million euro ($543 million) contract with Ghadir Investment Company to build a power plant in Iran.

A consortium of Iranian, Indian and South Korean companies further seeks to set up an energy park in the Khuzestan province in a project worth $10 billion, including generation of 1,000 megawatts of solar power.

Iran is the biggest producer of electricity in the Middle East, generating over 70,000 megawatt-hours. The country plans to add up to 37,000 megawatts to its national power grid, including 5,000 megawatts of renewables.

According to Energy Minister Hamid Chitchian, the government seeks $50 billion of investment in water and electricity projects in the coming years.

Last week, a deputy energy minister said the Iranian government would allow foreign companies for the first time to export part of the electricity which they generate in the country.

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