Assaluyeh Gas Power Plant
Project Title: Asaluyeh Power Plant
Contract Type: BOO
Location: Asaluyeh, Bushehr Province, Iran
Client: MAPNA Asaluyeh Power Generation Co.
Scope: Engineering and construction
Capacity: 954 MWs
Units Configuration: 6×159-MW
October 25, 2007
January 23, 2008
November 21, 2007
March 12, 2008
June 30, 2008
July 22, 2008
September 16, 2008
October 25, 2008
December 4, 2008
June 19, 2009
February 6, 2009
May 12, 2009
Asaluyeh Power Plant includes 6 gas units each with a generation capacity of 157 MWs, V94.2 type (under license from Siemens), and the relevant 400 kV substation. It is located 25 km off South Pars Special Economic Zone and in the vicinity of Bostanu village in the Southern Iranian province of Bushehr.
Asaluyeh BOO scheme power plant has been constructed based on an ECA agreement. In implementing the Asaluyeh power plant project, investment companies initiated a project company under the title of MAPNA Asaluyeh Power Plant Company, registered on August 11, 2005. The company initially had a mission to sign energy conversion agreements, and accordingly, relevant necessary agreements to finance, engineering, procurement and construction (EPC), operation and maintenance, and ultimately energy delivery to end users in the grid. MAPNA Assaluyeh Power Plant Company had gone public in the Over-the-counter (OTC) or off-exchange trading market in 2012, with shares publicly sold as the first MAPNA Holding Group Private Power Company on February 26, 2013.
Supply of the main fuel (gas) and the substitute fuel (gasoil) was undertaken by TAVANIR (Iran Power Generation and Transmission Company). MAPNA Asaluyeh Power Generation Co is committed to selling the generated electricity to TAVANIR Company exclusively. An EPC contract for Phase I of the power plant was signed in 2005 between Asaluyeh Power Generation Company as the client and a consortium comprising MAPNA Power Plants Construction & Development Company (MD-1) and MAPNA Group as the contractor.
Despite initially being planned for a 36-month implementation period, all six units of this power plant were synchronized to the grid ahead of schedule, allowing them to commence commercial operation earlier than anticipated. The financing for this project was made possible through the diligent oversight of MAPNA Group’s senior managers, who utilized funds from the currency reserve account operated by Bank Mellat in 2008. In its first year, the Asalouyeh power plant recorded an average annual production capacity of 6.35 million megawatt hours.