Iran, Norway sign energy contract

The contract was signed by the managing director of Norway's Saga John Eric, the managing director of Energy Amin Company Majid Shahrestani and in the presence of Norwegian envoy to Iran Lars Nordrum.

Based on the contract, the Norwegian side will invest two billion euros to launch and produce solar energy units in Iran.

The contract is to be implemented in three provinces which have areas more exposed to sunlight.

During the first phase, 180 mw of solar energy will be produced.

The first phase of the plan will be implemented in six sites in Razavi Khorasan, Kerman and Yazd Provinces.

In addition to transferring technical knowledge, the Norwegian company will also build a factory to produce te project's equipment in Iran.

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