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S. Korean Firm to Build Mega Solar Plant in Iran

S. Korean Firm to Build Mega Solar Plant in IranS. Korean Firm to Build Mega Solar Plant in Iran

South Korea’s KTC Company is set to develop a 200-megawatt solar plant in the southern city of Fasa in Fars Province in the current fiscal that started on March 21.
The company signed a deal worth $600 million in October 2016 with Fasa's Islamic Azad University to build the facility in an area of 150 hectares, the portal of Iran Solar Power reported.
According to Mehrdad Karimi, the head of Fasa IAU, the project is planned to go on stream in 15 months.
"As per the agreement, the cooperation will be financed under build-operate-transfer contracts … KCT will hand over the plant with all the technology to Iran after 10 years of operation," he added.

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