QESHM MOVALLED
The company (Private Joint Stock) was established in 2007 with the aim of investing in and constructing (designing, building, and operating) a 500 MW combined-cycle power plant in the Industrial Ownership and Registration Office of Qeshm Free Zone.
In 2014, with the participation of Pasargad Energy Development Company and its affiliated companies as shareholders in this company, in addition to the construction of the 500 MW combined-cycle power plant, the required utilities for Pars Behin Naft Refinery in Qeshm (from companies affiliated with Pasargad Financial Group) were also assigned to this company. For this purpose, three gas units with a total capacity of 85 MW were purchased and the construction and installation of the units have been completed.