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 (14.01.2019): Oil prices down by around 2% on Friday on concerns over global economic growth

14/01/2019 11:57:00

Oil prices lost nearly 2% as the recent pessimistic economic data added to persisting worries about global economic growth. Nevertheless, oil markets posted gains on a weekly basis, due to OPEC-led output cuts and expectations for progress in U.S.-China trade talks. Brent crude fell by around 2% to $60.48 a barrel, while WTI futures settled about 2% down to $51.59 a barrel.


Russia’s coal exports, production hit 5-year high in 2018

14/01/2019 09:26:00

Russia’s production and exports of coal hit last year their highest levels since 2013, according to Platts estimates of data from Russia’s Energy Ministry.


Trans Adriatic Pipeline secures €3.9bn project financing

14/01/2019 09:20:00

The Trans Adriatic Pipeline, which will be laid between the Turkish-Greek border and Italy, aims to bring Caspian natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The pipeline will also have a subsea section of 105km in the Adriatic Sea.