Director of power plant projects of Montco Consultants Co. noted that the plant will be built west of Bandar Abbas near the city current power plant and will supply electricity to industrial complexes in the region. Javad Abolfathi said the power plant will be build in three phases, each phase being capable of producing 500 MW of electricity, adding, “The first phase will be built as buyback and will supply needed power to Al-Mahdi aluminum Complex. The official further noted that the next two phases of the plant will be built as BOT (build, operate, transfer) and added that it was for the first time that a single power plant was built according to two schemes. “In buyback method, the investor will deliver the power plan to client, but in BOT, the investor will take charge of the power plant until many years after it is made operations,” he said. Abolfathi stated that so far 14 tender proposals have been sent to the company, of which three proposals were related to the first 500-MW phase, which is to be implemented through buyback. “The deadline for proposals on the next to phase is November 6. So far, two German and British companies have offered proposals with the rest of proposals being forwarded by the Iranian companies, he said.