Medio Energy

Iran and Germany’s Medio Energy company have inked an MoU worth about 104 million dollars over construction of two wind and solar power plants in the south of Iran. Khuzestan Regional Electricity Company of Iran and Germany’s Medio Energy Invest GmbH & Co. KG have sealed two Memoranda of Understanding (MoUs) with an aggregate total value of approximately 104 million dollars in order to build two solar and wind power stations in southern Iranian cities of Shushtar and Bandar-e Mahshahr. Mahmoud Dashtbozorg, Managing Director of Khuzestan Regional Electricity Company, expounded on details of the two agreements with Germans saying “the cooperation agreement with Medio Energy company has been signed in line with development of renewable energy technologies as well as investment attraction.” “The deal covers construction and implementation of a 20-megawwat solar power house in Shushtar through direct investment worth 24 million euros in addition to building and operation of a wind power plant in Bandar-e Mahshahr with a capacity of 50 megawatts and value of 80 million euros,” he added.(Mehr News Agency, "Germans sign power MoU with Iran," 12/18/2016) (http://en.mehrnews.com/news/122073/Germans-sign-power-MoU-with-Iran)