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Iran, Germany negotiate on building renewable power plants

Business Materials 6 October 2015 14:06 (UTC +04:00)

Baku, Azerbaijan, Oct. 6

By Fatih Karimov - Trend: Iran and Germany negotiated on building renewable power plants in Iran.

Germany's Minister of Niedersachsen state for Economic, Labour and Transport, Olaf Lies, met with Iran's Power Generation, Transmission, and Distribution Management Company's managing director Homayoun Hayeri in Tehran, Iran's Mehr news agency reported Oct. 6.

During the meeting, Haeri said that although Iran is generating electricity by its fossil fuel power plant, Energy Ministry policy is willing to use renewable energy.

He added that Iran has big capacity to produce solar and wind energy, but unfortunately it cannot use existing capabilities.

He added that Germany generates 90,000 megawatts of solar and wind energy, while Iran's total electricity generation capacity is 74,000 megawatts now, including fossil, hydro, wind and solar power plants.

The German minister, for his part, said that his country has very useful experience in the field of renewable energies and is ready to transfer know-how to Iran.

He added that Germany is providing 25 percent of its energy from renewable energy and said that Germany is aiming to provide more than 80 percent of its energy from renewable energy until 2050.

Germany was the first country that dispatched a trade delegation to Iran after Tehran's nuclear deal with the world's major powers.

Germany's Minister for Economic Affairs and Energy Sigmar Gabriel, who visited Iran in July as the head of a trade delegation including representatives of some German industrial giants like Siemens, Mercedes and Volkswagen Group, said a new chapter has opened in economic ties between Iran and Germany.

German Ambassador to Tehran Michael Freiherr von Ungern-Sternberg says German companies are keen to boost links with Iran and directly invest in the country.

Edited by CN

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