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Synergy Between SHASTA and Fajr Energy: From Production Stability to Entry into Mega Solar Projects

Synergy Between SHASTA and Fajr Energy: From Production Stability to Entry into Mega Solar Projects
The Deputy for Strategic Planning and Investment, along with a group of senior managers from SHASTA Holding, visited Fajr Energy Persian Gulf Company. The visit included a meeting focused on identifying future investment opportunities and gaining deeper insight into the activities of Fajr Energy Persian Gulf.

According to the Public Relations Department of Fajr Energy Persian Gulf, at the start of the session, Rouhollah Shahidipour, Deputy for Strategic Planning and Investment at SHASTA, stated:

“The visit to the Petrochemical Special Economic Zone aims to gain better familiarity with the petrochemical industry and its companies—particularly Fajr Energy—and to identify current and future investment opportunities for SHASTA.”

Abdollah Alipnah Bahnamiri, Head of the Fajr Energy Persian Gulf Complex, highlighted the rationale behind establishing a centralized utility service. He explained that in the 1990s, Fajr was founded with the purpose of reducing production costs for petrochemical companies through a centralized utility provision model.

He stressed that Fajr has maintained continuous production for over five years, noting that the technology used in the company’s electricity generation turbines ensures the stability and sustainability of production for the region’s petrochemical plants.

Referring to the company’s valuation, Alipnah stated that in 2021, Fajr Energy was valued at over USD 2.53 billion. He added that the new utility pricing formula is entirely fair and intelligent, directly linking Fajr’s profits and losses to those of its customers.

The head of the complex emphasized that Fajr’s mission to create and enhance the stability of essential services mirrors the petrochemical sector’s efforts in marketing. He noted:

“In parallel with the development of companies in the region, we are advancing plans to expand our power generation units, air supply, and wastewater treatment facilities. Additionally, we are participating in the Persian Gulf Holding’s 5,000-megawatt mega solar power plant project as part of our commitment to renewable energy development.”

Sep 20, 2025 14:41
Number of visit: 20

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