55654
German Co. Signs $108m MoU  to Build Solar, Wind Plants
German Co. Signs $108m MoU  to Build Solar, Wind Plants

German Co. Signs $108m MoU to Build Solar, Wind Plants

German Co. Signs $108m MoU to Build Solar, Wind Plants

Germany’s Medio Energy signed a memorandum of understanding for the construction of a wind and a solar power plant in south Iran.
The agreement, which is worth $108 million (€104 million), was signed by Khuzestan Regional Electricity Company and Germany’s Medio Energy Invest GmbH & Co. KG, to build the solar and wind units in the cities of Shushtar and Bandar-e-Mahshahr in Khuzestan Province, Mehr News Agency reported on Saturday.
Mahmoud Dashtbozorg, managing director of Khuzestan Regional Electricity Company, expounded on details of the two agreements with the Germans.
“The cooperation agreement with Medio Energy was signed in line with the declared policy to promote renewable energy and attract foreign investment,” he said.
“The deal covers construction and implementation of a 20-megawwat solar power station in Shushtar through direct investment worth €24 million in addition to building a wind power plant in Bandar-e-Mahshahr with an output capacity of 50 MW and costing €80 million."
He added that the German investor has agreed to provide technical knowledge, workforce, capital, technical and economic capabilities as well as necessary equipment for the construction of the power plants.
Dashtbozorg asserted that the government has spared no effort to provide grounds for attracting domestic and foreign investments for the key electricity industry with special emphasis on renewables.
Andreas Langberg, an executive at Medio Energy, said on the sidelines of the signing ceremony, "In view of Iran’s inroads and potential in expanding its renewable sector, we are eager to begin our activities here immediately.”

 

Short URL : https://goo.gl/hbLKNs
  1. https://goo.gl/iCJDj1
  • https://goo.gl/ozaBKU
  • https://goo.gl/yl2rkx
  • https://goo.gl/5sq0Gc
  • https://goo.gl/RR2MuX

You can also read ...

ADNOC to Purchase Indian Refinery, Petrochem Stake
Abu Dhabi National Oil Company will sign an agreement with...
Gasoline Quality Boost Tops Abadan Refinery Agenda
Abadan Oil Refinery’s new policies are not only increasing the...
Shaikan Oilfield has a capacity of 40,000 bpd.
Gulf Keystone Petroleum and partner Hungary's MOL have agreed...
 Iranian oil exports are close to 2.5 million bpd this month.
The world will see a meager amount of extra oil reaching the...
Russia Crude Production May Exceed 550m Tons
Oil production in Russia in 2018 could rise to more than 550...
Tavanir in Electricity Reexport Talks With Georgia
Power Generation, Distribution and Transmission Company (...
Feedstock Discount Scheme for Mokran Petrochem Investors
The National Petrochemical Company has devised a feedstock...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus