Fara Bourse Co. approves solar power plant framework

The listing committee of Iran Fara Bourse Co. has approved the overall framework of Damghan Solar Power Plant, owned by Pasargad Energy Development Company (PEDC), Fara Bourse deputy head for development said.
Seyed Mahdi Alamolhoda, the Deputy Head for Development at Iran Fara Bourse Co., made the remark, adding, “The project consists of two phases. The first phase, already operational, has a capacity of 10 megawatts.”
“The second phase is of 25 megawatts of capacity and will be partially financed through an initial public offering,” he noted.
The total investment for the project is estimated at 1,436 billion tomans, with completion expected within nine months, Alamolhoda added.
Located in southwestern Damghan in Semnan Province, Damghan Solar Power Plant is equipped with solar tracking systems. It is aimed at zero-emission power generation, reducing pollutants and lower fossil fuel and water consumption compared to conventional power plants.