Italian company will construct a solar plant in Iran

06/03/2018 10:55 Solar


The Italian firm Carlo Maresca will construct a $100-million solar power plant in Iran.

The accord inked with the Industrial Development and Renovation Organization of Iran (IDRO), sets a 15-month deadline to finalize the project.

Previously in August 2017, Carlo Maresca signed a legal act to build a 10-MW solar power plant in Iran’s Qeshm Free Trade Zone, a project whose first phase launched last week. With the prior deal, the company became the first Italian firm to fund photovoltaic projects in Iran.

IDRO is a governmental structure that backs industrial projects and innovation in Iran. Since the lifting of sanctions in January 2016, it has inked co-operation agreements with firms like Wärtsilä and HOT Engineering.

Daily (12.07.2018): Brent crude plummeted by almost 7% on Wednesday, on news that Libya would increase output

12/07/2018 13:00:00

Oil prices slumped on Wednesday, on concerns of increasing trade tensions between two world’s major economies - United States and China. Brent crude tumbled by 6.9% to $73.40 a barrel, following the news that four ports in Libya would ease back in the game. Meanwhile, WTI crude traded 5% lower at $70.38 a barrel.


Electric vehicles could lift UK peak power demand by 5-8 gigawatts by 2030: National Grid

12/07/2018 09:58:00

The growing use of electric vehicles could increase peak electricity demand in Britain by between 5 and 8 gigawatts (GW) by 2030, National Grid said on Thursday.


Gazprom, Uzbekneftegaz discuss Shakhpakhty gas field production

12/07/2018 09:45:00

Russian gas monopoly Gazprom and national holding company Uzbekneftegaz have discussed the bilateral cooperation between the companies, focusing on the joint development of the Shakhpakhty field in the former Soviet republic.