“Wamadan” Mining and Metals Development Investment Company has seven projects out of a total of 48 economic drivers of the country, which is considered an important step in the path of economic development.
Dr. Ardeshir Saadmohammadi, CEO of the Mining and Metals Development Investment Company, stated: The investment company group has witnessed a change in the situation that in the past, this company was active in the stock market, but in today’s conditions, it has entered into practical and executive investment.
The 366 MW Semnan power plant project, which has been implemented in two 183 MW modules, is expected to be put into operation in December of its second line, Bijar sponge iron (Kurdistan) with a capacity of 1.6 million tons, Euclid steel (Persia) with a capacity of 1. 1 million tons, and the iron and steel complex of Sarmad Abarkoh (Yazd) has a capacity of 1.1 million tons, among these projects.
According to Mohammad Hossein Qaemi Rad, Vice President of Planning, Budget and Supervision of Mining and Metals Development Investment Company, the first unit of the 183 MW power plant in Semnan was synchronized in August of this year and is ready for operation.
This power plant is the first project of Iran’s economic drivers plan, which is on the verge of opening, and its second unit will be synchronized in December.
Saad Mohammadi mentioned about 60 projects with an investment volume of 300 thousand billion tomans in the “Wamadan” project series, which is ongoing directly and indirectly.
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