New agreement will establish 270MW operation in north of country
Switzerland-based MECI Group has signed an agreement with Iran to build a 270MW wind farm in the north of the Middle East country, according to a media report.
Turbine testing is already happening on site for the $839m project, Bloomberg reported MECI Chairman Jeremiah Josey saying in an interview.
MECI signed a five-year power purchase agreement with Irans energy ministry with a fixed feed-in tariff, added Josey, who expects the contract to be extended in future.
The Swiss group also agreed to build a 100MW combined heat and power plant that will burn natural gas, according to the report. MECI has a target to install 1GW of clean power in Iran.
Earlier this week Germanys Siemens shipped its first gas turbine to Iran as part of a contract with Iranian power company Mapna Group.
The deals are among a pick-up of agreements signed between Iran and international companies following the lifting of nuclear-related sanctions in January 2016.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.