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Iran, Italy to sign deal to boost energy co-op

Business Materials 23 May 2018 10:23 (UTC +04:00)

Tehran, Iran, May 23

By Kamyar Eghbalnejad - Trend:

The Italian ambassador to Tehran said Iran and Italy plan to sign a document to increase their cooperation in the field of renewable energy.

Italian firms are eager to have long-term cooperation with Iranian companies, Mauro Conchatori said during a meeting with an Iranian deputy energy minister.

“Representatives from seven Italian firms active in the sector of renewable energy will travel to Tehran in June-July,” he said.

During their visit, Iran and Italy will sign a bilateral agreement on the construction of nuclear power plants and boost Iran's renewable energy capacity, the Italian envoy further said.

Iran is one of the most energy-intensive countries in the world, where inefficient energy use amid consumer subsidies has resulted in a per capita energy consumption which is ten times greater than that in the European Union.

Currently, Iran has 77,000 megawatts of power capacity, of which 360 megawatts is renewable energy. Most of the electricity generated in the country comes from thermal power plants which use fossil fuel.

The country also has approximately 141 megawatts of installed wind power. According to SUNA, there are only 15 wind farms in Iran where 100,000 megawatts of potential capacity exists from wind alone.

Officials say more than 4,000 megawatts of renewable capacity to be built by 2020 is expected to come from wind power.

During their visit, Iran and Italy will sign a bilateral agreement on the construction of nuclear power plants to boost Iran's renewable energy capacity, the Italian envoy further said.

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