Company

Sunshine and Konda Energy

Trade risk

China.

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Summary

TEHRAN - Industrial Development and Renovation Organization of Iran (IDRO) signed a memorandum of understating (MOU) with the Chinese company Sunshine and Konda Energy from Hong Kong to establish a joint company for manufacturing solar panels.

As IRNA reported, IDRO will have a 30-percent share from the company while the rest will be equally divided. IDIRO will proceed to registering after finalizing the company statute in less than a month. (December 5, 2017) (http://www.tehrantimes.com/news/419057/MOU-inked-between-Iran-China-Hong-Kong-to-manufacture-solar)

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