Baku, Azerbaijan, Apr. 9
By Fatih Karimov - Trend:
Iran and Germany will cooperate in manufacturing solar panels, Mohammad Ali Mokhtari, managing director of Payam Aviation Services Company, affiliated to the ICT ministry, said.
A German company will invest about 170 million euros in the project, Mokhtari said, Iran's ICT ministry reported April 9.
The company has undertaken various projects of solar module and cell manufacturing firms in Germany, India, Nigeria, Tunisia, South Korea and Bangladesh, said Mokhtari without unveiling the company's name.
The manufacturing unit will be constructed in Payam Special Economic Zone, he said, adding the project is scheduled to start by May.
Payam Special Economic Zone (PSEZ), located near the capital city of Tehran is to become the economic hub of Alborz province.
Earlier. Iranian media reported that the country's Energy Efficiency Organization (IEEO) has granted several German companies with permissions to build a number of solar power plants with the capacity of 1,260 megawatts of electricity in the country.
In February 2015, Homayoun Haeri, the managing director of TAVANIR (Iran Power Generation Transmission & Distribution Management Company) also said ten percent of Iran's electricity needs will be met by solar and wind power plants by 2022.
He added that Iranian solar and wind power plants will generate 12,000 megawatts of electricity annually.
