Addressing a press conference on Monday, Mohammad Reza Samiei, managing director of the plant, said the complex is being built to provide utilities for 24 petrochemical projects in Phase II of Asaluyeh petrochemical hub.
Being developed in three phases, the plant will generate 2,000 megawatts of power, 400,000 cubic meters of industrial water, 450,000 cubic meters of oxygen for methanol units, 1,890 tons of steam and wastewater treatment for petrochemical plants.
Developed with an investment of €305 million, Phase I of Damavand Utility Plant supplies 648 megawatts of power and 780 tons of steam and is scheduled to officially come on-stream by Iranian President Hassan Rouhani.
Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.