BAKU, Azerbaijan, August 20. The value of the recently signed contract for the construction of solar power plants in Iran has been announced at $440 million, said Ali Pejuhan, CEO of Iran’s Mana Energy Pak Company, Trend reports.
Speaking at the signing event with Iran’s Renewable Energy Organization, Pejuhan noted that the project will establish a solar power station capable of producing 1,200 megawatt-hours of electricity and that these plants will supply 2.2 billion kilowatt-hours of electricity to the country’s power grid annually.
He articulated that the production of this electricity will
yield an estimated fiscal savings of $100 million and a reduction
of 600 million cubic meters of gas annually.
The official further elucidated that the enterprise has
successfully commissioned 100 megawatts of photovoltaic power
generation facilities, with a 250-megawatt installation poised to
become operational in the forthcoming week.
The current capacity for electricity generation from renewable
energy sources in Iran is quantified at 1,868 megawatts. During the
initial quadrimester of the annum (spanning from March 21 to July
22, 2025), photovoltaic installations within the nation produced an
impressive 610 million kilowatt-hours of electrical output,
signifying a substantial 71 percent augmentation relative to the
corresponding timeframe of the preceding year.
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