AJ Holding

AJ Holding

"Under an MoU signed between Managing Director of Khuzestan Regional Electric Co. Mahmoud Dasht-Bozorg and AJ Holding CEO Allan Jespersen, the Dubai-based company has undertaken to build gas-fired thermal, solar and wind power plants in the hydrocarbon-rich province [Khuzestan province in southwest Iran].

It requires the UAE company to execute the project in the "shortest possible time", where some of the plants should join the grid before the summer." (Pars Today, "UAE to build 300 MW power projects in Iran's Khuzestan," 12/8/21)

“Our (non-binding) agreement with KZREC is currently under consideration. I will revert to you once a final decision has been made.” (January 12, 2022)