Energy self-sufficiency in the petrochemical industry; Persian Gulf Holding’s multi-billion dollar step in developing solar power plants

According to Energy Press, Persian Gulf Holding, the largest player in Iran’s petrochemical industry, has put on the agenda a massive $2 billion plan to build 5,000 megawatts of solar power plants with the aim of reducing dependence on the national electricity grid and preventing future crises in the field of energy supply.
This plan is being introduced while the holding company’s capital is only 2 trillion tomans, equivalent to approximately $23.5 million.
Semnan, Fars, Kerman, Hormozgan, Yazd and Markazi provinces have been selected for the construction of solar power plants.
This strategic move is designed in response to the increasing electricity imbalance and also to prevent the occurrence of gas imbalance in the coming years. According to this plan, with the completion of renewable power plants, the production complexes of the Persian Gulf Holding subsidiary will be completely free from the need to purchase electricity, which is a major step towards energy self-sufficiency and sustainability in this industry.