3 July 2016 - 10:00
  • News Code: 264104
Iran Mulls Privatization of Major Petchem Utility Plant

TEHRAN, July 03 (Shana) -- Iran is considering cession of Damavand Petrochemical Plant to the private sector.

Iran is building Damavand Petrochemical Project to add 30 million tons to its current annual 60mt petrochemical output.

A session was held at the Privatization Organization of Iran on Saturday, June 02, in the presence of the projects executives to make decisions regarding privatization of the plant. 

Also dissolution of the National Iranian Drilling Company (NIDC) was also considered in the meeting.  

Damavand petrochemical project will bring Iran's petrochemical output to 90mt/y once completed. 

Turbines 1 and 2 of the €3b project's generation station have been installed and installation of the 3rd and 4th ones has begun in Assaluyeh, south of Iran. 

The new turbines purchased from Iranian industrial group MAPNA increase Damavand plant’s generating power to 648 megawatts.

With the installation of 12 gas turbines, the total outage of the Damavand plant after completion of three phases will reach 2,000 megawatts.

Iran's National Petrochemical Company (NPC) has financed the project which has been mostly developed by domestic contractors. 

Damavand petrochemical project is being completed to supply utilities for Assaluyeh II petrochemical complex. The project will offer power, steam, water, industrial wastewater facilities as well as insulators to 24 nearby petrochemical plants in Pars Special Economic Energy Zone.
News Code 264104

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