Iran’s Deputy Energy Minister Houshang Falahatian announced that his country was on the verge of signing deals with German companies to establish new electricity generation plants, reported Press TV. These deals will add up to 37,000 megawatts to the country’s national power grid within a six-year period.
The plan includes generating about 5,000 megawatts from renewable energy sources with negotiations for the “transfer of technology and know-how for building renewable energy generation units, especially solar and wind plants, are advancing at a satisfactory pace and we expect agreements to be signed soon,” he added.
The Tehran Times also reported that the German government and German companies had been sending signals to Iran since the nuclear deal was successfully resolved in July and with that the removal of economics sanctions.
“German companies desire sustainable and everlasting economic cooperation with Iran,” announced Germany’s Minister for Economic Affairs and Energy Sigmar Gabriel in a press conference on July 20 after meeting with Iranian Oil Minister Bijan Namdar Zanganeh in Tehran.