Germans sign power MoU with Iran.

Iran and Germany’s Medio Energy company have inked an MoU worth about 104 million dollars over construction of two wind and solar power plants in the south of Iran.

Khuzestan Regional Electricity Company of Iran and Germany’s Medio Energy Invest GmbH & Co. KG have sealed two Memoranda of Understanding (MoUs) with an aggregate total value of approximately 104 million dollars in order to build two solar and wind power stations in southern Iranian cities of Shushtar and Bandar­e Mahshahr.

Mahmoud Dashtbozorg, Managing Director of Khuzestan Regional Electricity Company, expounded on details of the two agreements with Germans saying “the cooperation agreement with Medio Energy company has been signed in line with development of renewable energy technologies as well as investment attraction.”

“The deal covers construction and implementation of a 20­megawwat solar power house in Shushtar through direct investment worth 24 million euros in addition to building and operation of a wind power plant in Bandar­e Mahshahr with a capacity of 50 megawatts and value of 80 million euros,” he added.

The official highlighted that the German investor has agreed to provide technical knowledge, experience, skilled workforce, capital, technical and economic capabilities as well as necessary equipment for construction of the power plants.

Dashtbozorg asserted that the Iranian side had spared no effort to provide grounds for attraction of domestic and foreign investors to electricity industry of the region with particular attention to the renewable energy sector.

Also on the sidelines of the MoU signing ceremony, the German investor Andreas Langberg said “in view of Iran’s advancement and capabilities as well as its willingness to launch cooperation over construction of renewable power plants, we are eager to commence activities immediately.”

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