14 May 2007 - 13:28
  • News Code: 104623

TEHRAN -- Executive operations of South Pars (SP) power plant with a generating capacity of 1,000MW electricity made more than 10 percent progress, Pars Oil and Gas Company (POGC) reported.

The power plant is to provide electricity needed by refineries and installations of phases 9, 10, and 15-18 of South Pars gas field.

The project will include six gas turbines with 150-170MW and 1,000MW approximate and nominal capacities subsidiary equipment, 132kV substation along with a gas transmission line linking the power plant to other refineries of the field.

Executive operations, funded by the National Iranian Oil Company (NIOC) for the first and last units, will take 18-24 months respectively, said the company.

POGC Managing Director Akbar Torkan said the budget for South Pars Special Economic Energy Zone would be doubled in the current Iranian calendar year (started March 21, 2007).

According to the official, the budget will be increased to 5.2 billion dollars.

Torkan added the budget allocated for the development plans in the zone had an about 30 percent growth in the previous year, touching 2.6 billion dollars.

He said South Pars field would be developed in 24 phases and totally 28 billion cubic feet of gas would be extracted there per day.

He vowed that the contracts on development of all 24 phases would be signed by the mid-March 2008 and the agreements would be put into action thereafter.

According to the plan, 30 percent of its production would be exported in the LNG form and the remaining part would be pumped into nationwide and overseas pipelines, said the POGC chief.


News Code 104623

Your Comment

You are replying to: .
6 + 2 =