Trilateral MoU to Build Solar Plant

Post Bank of Iran has signed a trilateral memorandum of understanding with domestic companies on development of power plants.
The agreement was signed with Solar Power Plant Project Management Company, a consulting and project management firm, and Solar Sanat Firouzeh, an equipment supplier, on Saturday, IRNA reported.
The MoU concerns the bank's finance amounting to $70 million for building a 50-MW solar power plant.
According to Mostafa Azad, a member of Iran Electrical Industry Syndicate, the agreement is aimed at facilitating the private sector's involvement in developing the sector.