EghtesadOnline: Iran’s top engineering and energy enterprise MAPNA Group on Monday signed an agreement with a domestic company for building a combined-cycle power plant in the city of Jolfa, East Azarbaijan Province.
According to IRNA, the 451-megawatt power plant will comprise a gas unit, a steam unit, a waste heat recovery boiler, a main cooling tower and a 400-kilovolt substation.
The power plant is to use cutting-edge F-class gas turbines with an efficiency rate of 58%.
Abdolrahim Kazemi, MAPNA’s marketing and sales manager, estimated the contract’s value to be €250 million ($290 million), according to Financial Tribune.
He added that the plant, which is slated to go on stream in 40 months in Aras Free Trade-Industrial Zone near the border with Armenia in northwest Iran, will be wholly implemented by Iranian engineers.
MAPNA Group is a conglomerate of Iranian companies involved in development and execution of thermal and renewable power, oil and gas, rail transportation and other industrial projects as well as manufacturing equipment.
The company last year signed a contract with Siemens for more than 20 gas turbines and associated generators that will be delivered over the next decade, as well as for the transfer of turbine manufacturing know-how. Siemens shipped its first F-class turbine to MAPNA in September last year.
The two sides are also set to cooperate on the expansion and optimization of Iran's power infrastructure, according to a statement on Siemens’ website.
MAPNA also signed a $2.5 billion contract in July 2015 with Shamara Group, an Iraqi consortium of 14 industrial and energy companies, to build a 3,000-megawatt power plant in Basra, known as Rumaila Combined-Cycle Power Plant, in four years.
According to MAPNA CEO Abbas Aliabadi, the Rumaila power plant is the biggest technical project in the Middle East, which will increase Iraq's total power generation capacity by 20%.