PSA strikes deal with Saipa to build Citroen cars in Iran
PSA Group unveiled a second Iranian manufacturing deal on Thursday as the French carmaker seeks to reclaim the leading position it once enjoyed in the Middle East’s biggest auto market, until U.S.-led sanctions forced its withdrawal. The Paris-based carmaker struck a framework deal with Iranian counterpart Saipa to invest 300…
Europeans keen to invest in Iran’s renewable energy sector: EWEA chief
TEHRAN – Giles Dickson, the CEO of the European Wind Energy Association (EWEA), said that renowned European companies are keen to invest in Iran’s renewable energy sector, especially in wind energy sphere. Dickson made the remarks in an exclusive interview with the Tehran Times on the sidelines of the 4th…
Iran opens talks with Siemens, Rolls-Royce on energy investment
Iran is stepping up the search for overseas investment in its energy infrastructure after talks with Siemens and Rolls-Royce that point to the gradual opening of the country’s economy following the lifting of international sanctions. Hamid Chitchian, Iran’s energy minister, met representatives of both companies in London last week to…
Total explores investment in Iran’s Parsian energy zone
TEHRAN – Representatives of the French oil giant Total visited Parsian Energy Intensive Industrial Special Economic Zone in Iran’s southern province of Hormozgan to explore investment capacities, Shana reported on Saturday. In a meeting, Hassan Shahrokhi, director of the zone, and the French company’s envoys discussed the projects with the…
Iran plans first tender to draw $12 billion green investment
Iran is planning its first tender for utility-scale renewable-energy projects by year end as it begins a green power build out that could draw $12 billion of investment by the time it’s complete. The nation wants to install 5 gigawatts of renewable energy in the next five years and an…
Greece, Iran consider oil, LNG, renewable projects
Greek Environment and Energy Minister Panos Skourletis and Iranian Deputy Foreign Minister for Europe and America Majid Takht-Ravanchi agreed to expand energy cooperation between the two countries, noting the big potential in this area, the Greek ministry said in a press release. At a meeting that also included Iran’s ambassador…
British association to construct 1,000 MW solar plant in Iran
TEHRAN- The British Photovoltaic Association (BPVA) will construct a €1.5-billion solar plant with the capacity of 1,000 megawatts in Iran, the association’s chairman of the board Reza Sheibani announced, Shana news agency reported on Friday. BPVA is the National Trade Association of the UK solar photovoltaic industry. It is a…
British credit agency to finance Iranian water, power projects
TEHRAN- Iran’s Ministry of Energy and UK Export Finance (UKEF) signed a memorandum of understanding (MOU) in London over financing Iranian water and electricity projects, IRNA reported on Wednesday. The MOU was penned on Tuesday by Director General of Health, Safety and Environment Department of the Iranian Energy Ministry Bahram…
Renault to arrive in Iranian auto market with 5 new products
TEHRAN- “The French car maker, Renault, plans to cooperate with two Iranian giant auto makers on manufacturing its five new products for the Iranian market,” an official in Iran Development and Renovation Organization (IDRO) told IRNA. “Renault plans to manufacture three of its new products in collaboration with Saipa Group…
Belgium to build 600MW power plant in Iran
A Belgian company will build a new 600-megawatt combined cycle power plant near Tabriz city, northwest of Iran, Reza Hosseini, deputy head of the Center for Investment Services of East Azerbaijan Province, said. The F class power plant will be built near Soufian power plant within 3-4 years, IRNA quoted…
