TEHRAN - The German company GreenEnergy3000 will establish a 10-megawatt (MW) solar photovoltaic (PV) power plant in Iran’s southwestern province of Khuzestan, the Tasnim News Agency reported Wednesday.

The German company inked a Memorandum of Understanding (MOU) in this regard with the Khuzestan Regional Electricity Company (KREC).

Concurrent with the signing of the MOU, another team of German investors expressed its readiness to construct recyclable energy plants in a meeting with KREC managers.

According to Mahmoud Janqorban, the managing direct of KREC, building wind- and power-fueled plants can attract foreign investment to Khuzestan’s electricity industry and meet portion of the electricity demand of industrial and residential users.

The project will be a precursor to the construction of another, yet larger 100-megawatt solar photovoltaic (PV) power plant in Khuzestan by GreenEnergy3000 in the future, Mohsen Erfaq, the energy management manager of KREC noted, too.

Hard on the heels of the nuclear pact between Iran and world powers on Iran’s nuclear program, there has been a surge of European investors in general and German ones in particular to seek investment avenues in Iran.

In a recent visit to Iran, German investors met with Iranian Deputy Energy Minister Houshang Falahatian and hoped they would clinch contracts to build power plants in the country.

Iran has the potentiality to generate 40,000 megawatts (MW) of electricity from solar and wind resources, according to Falahatian. 

He put the current total electricity generation capacity of solar and wind power plants at 250 MW in the country. 

Meanwhile, Homayoun Haeri, the managing director of Iran Power Generation, Transmission and Distribution Management Company (TAVANIR), has said that ten percent of Iran’s need to electricity will be met by solar and wind power plants by Iranian calendar year 1400 (March 2021-March 2022). 
AK/