KTC to Invest in Iran’s Renewable Energy

KTC to Invest in Iran’s Renewable Energy

South Korea’s KTC  signed a deal  worth $820m with Iran’s investment and economic development committee to build a solar plant in the southern city of Fasa, as well as a wind farm in the southeastern city of Zabol, reported Tehran Times.

According to the agreement between KTC and Iran’s Green Energy Company, the Korean company will finance $220m to build a 100MW wind farm in Zabol. Moreover, the firm agreed with Shiraz’s Azad University to allocate $600m to a 200MW solar plant in Fasa, informed Global Times. KTC will also transfer new technologies to Iran during the construction of the mentioned facilities.

In related Iranian solar news, Egypt Oil&Gas reported in July that the British Photovoltaic Association (BPVA) would construct a $1.7b solar plant with the capacity of 1,000MW in Iran following an agreement concluded with the Iranian government. Moreover, a contract worth almost $44m had been inked with Italian and Swiss investors for building Iran’s biggest solar power plant in North Khorasan province.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password