PGPIC CEO Mohammad Shariatmadari emphasized the importance of close coordination with the Ministry of Energy to facilitate the execution of the renewable energy project.
He highlighted the legal obligations of industrial entities to contribute to national energy balance efforts and stressed the urgent need for the project amid Iran’s ongoing energy shortfall.
Shariatmadari noted that PGPIC has already secured a $2 billion financing agreement with Bank Mellat and Bank Tejarat. Additionally, required permits have been obtained, and consultations held with relevant ministries and provincial governors to secure land and resources for the project.
The company's utilities providers, including Fajr Energy Persian Gulf, have already played a critical role in addressing regional energy shortages, he added. Last summer, Fajr Energy supplied over 1.4 billion kilowatt-hours to the national grid, supporting electricity demand for some 600,000 residents in Khuzestan province.
"Given the national urgency, it is essential to pursue this renewable energy project with resolve," Shariatmadari said, urging government collaboration to expedite implementation.
Deputy Energy Minister Mohsen Tarztalab welcomed PGPIC’s initiative and reaffirmed the ministry’s readiness to support the project through access to infrastructure such as equipment, sites, and power substations.