Italian Firm Signs $100m Solar Plant Deal With Iran

Italy’s Carlo Maresca on Saturday signed a $100-million contract with the Industrial Development and Renovation Organization of Iran to construct a solar power plant near Garmsar Special Economic Zone in the central province of Semnan.
As per the deal, a 100-megawatt will be built on a 2,000-hectare area within 15 months, IDRO’s official website reported.
Carlo Maresca is currently working on the development of a 10-megawatt solar power plant in Qeshm Free Trade Zone in Hormozgan. The first phase of the power plant was launched last week during President Hassan Rouhani’s travel to the southern province of Hormozgan.