An agreement has been finalized to advance the Al-Mahdi Combined Cycle Power Plant in Iran’s Hormozgan Province, focusing on strengthening the industrial energy supply in the Persian Gulf Special Economic Zone.
The deal brings together MAPNA Group, Al-Mahdi Power Plant Company, and the Persian Gulf Special Economic Zone Authority to expedite ongoing developments.
Hamid Rajabpour, CEO of Al-Mahdi Power Plant Company, emphasized during the signing ceremony that the agreement formalizes the addition of a steam unit to power plant. The plant, which operates with two gas turbines, has its first phase operational, while the second phase is scheduled for commissioning by March 2024.
Rajabpour praised the public-private collaboration model adopted for the project, stating it could address key energy supply challenges in the region.
He expressed confidence in MAPNA Group’s technical expertise and the economic zone’s commitment to ensuring efficient execution of the plan.
Once operational, the steam unit will enhance the plant’s output, with surplus energy supporting the region’s industrial activities.
The Persian Gulf Special Economic Zone, a hub for Iran’s steel and aluminum industries, stands to benefit significantly. Managing Director Mohammadreza Pirhosseinlou pointed to the importance of reliable power for sustaining industrial operations and attracting further investment.
He outlined a three-year timeline for completing the steam unit, projecting stable electricity generation for the zone’s stakeholders.
The Al-Mahdi Combined Cycle Power Plant was inaugurated with its first gas unit coming stream in February 2024. Once completed, the plant will have a capacity of 526 MW.
Developed by MAPNA Group, the plant features advanced technologies like MAPCS control and MAPEX excitation systems, setting new benchmarks in efficiency. The first gas unit was completed in just 11 months, synchronizing to the national grid in November 2023. Officials view the project as a critical step in addressing Hormozgan Province’s power shortages and driving industrial growth in one of Iran’s most vital economic zones.