South Pars 1,000MW power plant inaugurated
A large power plant with 1,000 megawatts output was officially inaugurated on Tuesday in Assalouyeh, southern Iran, aiming to supply electricity to the refineries of South Pars gas field phases 9, 10, 15, 16, 17, and 18, the Islamic Republic of Iran News Network reported.
Iranian President Mahmoud Ahmadinejad attended the inauguration ceremony.
The power plant project was implemented at the cost of 4,800 billion rials (some $480 million). It includes six 160MW units which will be also connected to the national electricity grid.
The first phase of the power plant had come on stream in 2009.
Ahmadinejad also attended the signing ceremony of the contracts for development of six phases of South Pars.
The National Iranian Oil Company (NIOC) and domestic companies signed contracts worth $15 billion on Tuesday for the carrying out the development plans of six phases of the South Pars gas field.
Phases 13, 14, 19, 22, 23, and 24 are transferred to the Industrial Development and Renovation Organization (IDRO), Petropars, and an all-Iranian consortium.
NIOC Managing Director Ahmad Qalebani and Oil Minister Masoud Mirkazemi also attended the signing ceremony.
The South Pars field is a gas condensate field located in the Persian Gulf. It is the world's largest gas field and is shared by Iran and Qatar. According to the International Energy Agency, the field holds an estimated 50.97 trillion cubic meters (1800 trillion cubic feet) of in-situ gas and some 50 billion barrels of condensates.
Iran holds has the world's second-largest reserves of natural gas and the third-largest reserves of oil.