Qazvin, Italian Investors Sign Solar Plant Deal

Qazvin provincial officials and Italian investors have signed a deal which will build a 1000-mW solar power plant and photovoltaic panels.

A group of Italian investors visited the province on Sunday and talked to provincial officials to prepare basic conditions to build solar power plant. Mohammad Ali Qasemi a provincial official and deputy-head of Qazvin Provincial Investment Headquarters for Services chaired the meeting held on Sunday; “Qazvin has high potentials in wind and solar energy, and within recent past years, we have negotiated to attract investors to the sector; the present session draws upon agreements made in the meetings before where Italian investors and company representatives hit a deal to meet the needs of the province officially communicated during the meeting,” he told reporters.

“The deal with 9 articles is an agreement where Italian partners will build a solar power plant of 1000mW nominal capacity during a project defined for 10 years with the whole project divided to 100 units of 10mW. The power plants will cost $1.5bn funded fully by foreign investors,” Qasemi detailed.

The session was attended by Mr. Qasemi himself, the CEO of American branch of Italian Genesis Co. Carmelito Denaro and Ali Setayesh, CEO of Middle East branch, and Saeid Behadivand Chegini, directing manager of Gazvin Utilities Regional Co.