4 December 2017 - 08:02
News Code 82751756
0 Persons
IDRO signs solar panel firm MoU with China, Hong Kong

Tehran, Dec 4, IRNA -- Industrial Development & Renovation Organization of Iran (IDRO) signed a memorandum of understating (MoU) to establish a joint company for building solar panels with the Chinese company Sunshine and Hong Kong company of Konda Energy.

Deputy head of IDRO for promoting advanced industries and energy megaprojects, Fardad Daliri, said that registering the company will begin in a month after finalization of its articles of association. IDRO will own 30 percent of shares in the company.

IDRO seeks to establish the industry, use existing capabilities in the country and commission a research and development (R&D) unit in the technology, he said.

Earlier, IDRO conducted feasibility studies on producing solar panels from silicon after signing a cooperation deal with the German company Schmidt.

Seven industrial units producing solar panels are operating in Iran and the county’s share of solar electricity is set to increase.

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