Solar power station to appear in Iran
By Nigar Abbasova
A German-Spanish enterprise is planning to construct a solar power-station with the capacity of 50 megawatt jointly with Iran’s Electric Company in the western part of Iran, IRNA agency reported.
Electric Company’s representative, Alireza Sheikhi said that the German-Spanish JV is ready to invest in new projects that are directed for development of the region’s potential.
Previously, Iran’s energy minister Khamid Chitchian said that foreign investments with the worth of about $30 billion are expected to be made in the energy sector of the country.
Iran’s government spokesman Mohammad Bagher Nobakht recently said that the country signed a contract with a group of foreign companies to attract $4.2 billion of direct investments for the construction of power plants in the country.
Iran, which possesses the second largest gas reserves and the fourth-largest proved crude oil reserves worldwide, has recently focused on fostering the field of solar power-station construction.
The country’s government has pushed renewable energy sources as an alternative to the fossil fuels since 2012.
Under the country’s current development plan, photovoltaic or solar power will generate approximately one-fifth of Iran’s renewable energy by 2020, and will have a more significant long-term impact as production costs decrease. The country has the ambition to reach the amount of 5 gigawatts in terms of renewable resources by 2020 and rank among the industry leaders alongside France and the UK, Bloomberg reported.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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