Iran, Russia underline development of economic cooperation

Chairman of of Iran-Russia Joint Economic Commission Mahmoud Vaezi and Minister of Energy of the Russian Federation Alexander Novak agreed to continue consultations for development of mutual economic cooperation. Vaezi who also serves as Iran’s Minister of Communications and Information Technology, is in the Russian cultural capital to attend the…

Iran to build euro 350 million solar power plan in Aran va Bidgol

Negotiations are underway for construction of large solar power plant in Aran va Bidgol city of Kashan with South Korean firm of ABP International worth euro 350 million, Governor of Aran va Bidgol Ahmad Reza Saeedi said on Monday. Representatives of the South Korean company met with local officials in…

German-Spanish firm to build solar power plant in western of Iran

A German-Spanish company said on Monday that it is willing to make joint venture investment to build solar power plant to produce some 50 megawatts electricity in partnership with Bakhtar Electricity of Iran. Bakhtar District Electricity Company (BDEC) will be responsible to generate, transfer and distribute electricity in three provinces…

Electricity technology export alternative to oil, gas revenues

Export of technical-engineering services in electricity sector stand at $30 billion a year an alternative for the oil and gas revenues, Deputy Energy Minister Hooshang Falahatian said on Wednesday. Speaking to reporters on the sidelines of the 12th International Energy Exhibition, Falahatian said that Iran’s exports of technical-engineering services in…

Iran to switch from gas to power exports

As Iran is preparing for the removal of sanctions and the openings that it will create in various sectors, fresh debates are emerging in the country over the need to devise more efficient energy policies – what is expected to help the country’s economic growth. Kamal Kharrazi, a former foreign…