World Business and Economic Analysis
World Business and Economic Analysis
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 Bandar-e 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 20-megawwat solar power house in Shushtar through direct investment worth 24 million euros in addition to building and operation of a wind power plant in Bandar-e 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.”
An NPC official has announced that two Spanish and Danish firms have voiced readiness to participate and invest in Iran's petrochemical industry.
Director for Investment of National Petrochemical Company (NPC) Hossein Alimorad, while describing the latest status of negotiations with new developmental partners in the country's petrochemical industry, said "following the talks with German banks and firms on reopening a three-billion-euro Line of Credit (LOC), similar dialogues have been conducted with companies from Spain and Denmark."
"SERCOBE (Spanish National Association of Capital Goods Manufacturers) has expressed willingness to partake in the Iranian industry," noted the official asserting "reopening of new LOCs remains as one axis of talks with the Spanish side."
He stressed that talks have begun to determine timespan of joint cooperation estimating that final agreement will be soon reached with SERCOBE.
A high-ranking SERCOBE official, on the sidelines of a meeting with NPC authorities in Tehran, had voiced his company's eagerness to provide Damavand Petrochemical Company with long-term financing.
Alimorad also elaborated on the held talks with Haldor Topsøe, as the largest chemical industry company of Denmark, explaining "three issues have so far been dealt with in the course of negotiations with the Danish firm."
"The three axis of talks include transfer of technical knowledge, investment and finanicng," said the official reiterating that Haldor Topsøe has expressed readiness to continue its participation in Iran's petrochemical industry.
Earlier on the sidelines of K Trade Fair 2016, the world's premier fair for the plastics and rubber industry in Germany, Managing Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei and Director general of the Association of Petrochemical Industry Corporations (APIC) Ahmad Mahdavi held talks with top officials of Haldor Topsoe over investment, knowledge and technology transfer and the supply of Iran’s petrochemical projects with licenses.
On the basis of the negotiations, the Danish firm expressed readiness to participate in new projects for production of urea, ammonia and methanol in Iran’s petchem industry.
The Iranian energy delegation headed by Deputy Energy Minister, Hoshang Falahatian, attended the first meeting of the joint energy working group of the two countries held in Prague .
Energy, water, construction and renewing of power plants, development of renewable energies, small hydropower plants, urban water and sewage management were the areas of potential cooperation between the Islamic Republic of Iran and the Czech Republic discussed in the first meeting of the joint energy working group of the two countries held in Prague on Thursday.
Czech deputy minister of industry and trade along with his Iranian counterpart, Hoshang Falahatian, headed the joint meeting.
Following the joint meeting of the energy working group of the two countries, the Iranian delegation met with Jan Mládek who has been the Czech minister of industry and trade since January 2014.
Asserting the Czech companies’ willingness for work with Iranian partners especially in area of energy, the Minister Mládek reassured that the Czech Ministry of Industry and Trade backs development of ties with Iran.
