Fajr Energy Persian Gulf

What Fajr Energy Persian Gulf does

Fajr Energy Persian Gulf (FEPG) is a publicly listed utility company operating inside the Persian Gulf Petrochemical Special Economic Zone (PGSEZ) in Bandar Imam Khomeini, Khuzestan Province, Iran. It provides an integrated suite of utilities — electricity (1,147 MW installed across multiple gas turbines), steam (1,690 ton/hr), multiple grades of treated water (clarified, RO, demineralized, service, firefighting, sanitary), industrial gases (oxygen 35,644 Nm3/hr, nitrogen 49,233 Nm3/hr, liquid argon 8 ton/hr), and zero-liquid-discharge wastewater treatment — to surrounding petrochemical complexes. FEPG also sells surplus power to the Iranian national grid via the Iran Energy Exchange (IRENEX) and supplies residential cooling load in Khuzestan Province, equivalent to approximately 800,000 homes during summer peaks.

The company's customers are primarily petrochemical complexes within the Persian Gulf Petrochemical Holding (PGPC) ecosystem, including Bandar Imam, Pars, Mobin, Arvand, Tondgoyan, and Bu-Ali Sina. Revenue is generated through long-term managed-service utility supply contracts priced under Iranian energy-sector regulatory frameworks, with annual billing cadence. The company is publicly listed on the Iran Energy Exchange with a dedicated shareholder portal (stock.fepg.ir) and full Codal financial disclosures. Government and Oil Ministry backing is strong: the company is designated a nationally strategic utility, has been visited by the Minister of Energy, Parliament's Energy Commission, and the Supreme Leader's representative, and benefits from explicit policy support for its capacity expansion plan.

Strategically, FEPG is executing a major growth program: a 200% capital increase completed in 1403 (2024-2025) funds an expansion to 2,600 MW of power capacity, plus a 0.5 million m³ desalination unit and a 75 kW solar plant. Localization and reverse engineering (Iran-made turbine blades, novel patented silica-measurement method) saved 370 billion tomans and prevented $40 million of currency outflow. The company reported net profit of 850 billion tomans in FY 1404 and holds leadership positions across Iranian financial-management, safety, social-responsibility, and innovation rankings. Recent moves also signal vertical diversification into pharmaceutical-grade water supply.

Name

Fajr Energy Persian Gulf

Legal name

Fajr Energy Persian Gulf Company (شرکت فجر انرژی خلیج فارس)

Website

https://fepg.ir

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Fajr Energy Persian Gulf is a publicly listed integrated utility company in Iran's Persian Gulf Petrochemical Special Economic Zone, supplying electricity, steam, treated water, industrial gases, and wastewater services to petrochemical complexes and the national grid.

Ownership category

akta.pro rank

Product category

Petrochemical Utilities

NAICS

Fossil Fuel Electric Power Generation (221112)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

Keywords

• Petrochemical utilities
• Power generation services
• Industrial water treatment
• Steam supply
• Industrial gas production

Headquarters

HQ city

Imam Khomeyni

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Utility Supply to Petrochemical Complexes: Supply of electricity, steam, water (potable, service, firefighting, RO, DM, clarified), industrial gases (oxygen, nitrogen, argon), and wastewater treatment services to petrochemical companies in the PGSEZ. Revenue is derived from long-term utility supply contracts with industrial customers. The company is listed on the Tehran Stock Exchange and files financial reports via Codal.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Fajr Energy Persian Gulf (FEPG) is an integrated utility provider operating inside the Persian Gulf Petrochemical Special Economic Zone (PGSEZ) in Bandar Imam Khomeini, Khuzestan. The company generates electricity via gas turbines, produces steam, treats and desalinates water in multiple grades, separates air into industrial gases (oxygen, nitrogen, argon), and treats wastewater — selling these 15+ utilities directly to surrounding petrochemical complexes and the national grid through long-term enterprise contracts.

Product overview

Fajr Energy Persian Gulf (FEPG) is a publicly listed utility company (یوتیلیتی) operating within the Persian Gulf Petrochemical Special Economic Zone. It provides an integrated suite of utilities and services — power generation, steam production, water treatment (desalination, demineralized, clarified, RO, firefighting), wastewater treatment, and air separation (oxygen, nitrogen, argon) — to surrounding petrochemical complexes. The company operates multiple operational units (نواحی عملیاتی) including power & steam generation, water treatment, air separation, and wastewater treatment. It also maintains a research and development (R&D) center, HSE (Health, Safety, Environment) systems, and a portfolio of production capacities spanning electricity (1147 MW), steam (1690 Ton/hr), various water types, industrial gases, and air products.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity / Power Generation (برق) On-site gas-turbine power generation for petrochemical complexes and the Iranian national grid. Current installed capacity is 1,147 MW with a development plan targeting 2,600 MW.
• Steam (بخار) Steam generation supplied to petrochemical customers at 1,690 ton/hr capacity, produced as a co-output of the power generation process.

Quantifiable outcome

• 99.5% production plan fulfillment rate in FY 1401
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

16 partnerships are on record, tiered core and minor.

• Bandar Imam Petrochemical Complex (پتروشیمی بندرامام)coreStrategic or Co-development PartnerCore utility customer and strategic partner within the Persian Gulf Petrochemical Holding (PGPC). Fajr Energy provides continuous supply of electricity, steam, water, and industrial gases. Joint participation in technical services coordination meetings.
• Pars Petrochemical Complex (پتروشیمی پارس)coreStrategic or Co-development PartnerKey utility customer within the PGPC group. Recipient of utility supply services from Fajr Energy. Participates in joint technical services coordination meetings organized by Fajr.
• Mobin Petrochemical (پتروشیمی مبین)coreStrategic or Co-development PartnerCore petrochemical customer receiving utility services from Fajr Energy. Participates in joint reliability and operational continuity programs.
• Arvand Petrochemical (پتروشیمی اروند)coreStrategic or Co-development PartnerStrategic partner with a signed cooperation agreement with Fajr Energy focused on maintaining reliability of critical utility services and supporting development plans. Joint operational coordination.
• Tondgoyan Petrochemical (پتروشیمی تندگویان)coreStrategic or Co-development PartnerMajor petrochemical customer in the PGPC group receiving utility services from Fajr Energy. Participant in joint technical services presidents' meetings.
• Bu-Ali Sina Petrochemical (پتروشیمی بوعلی)coreStrategic or Co-development PartnerPetrochemical complex receiving utility services from Fajr Energy within the PGSEZ. Participant in joint technical services coordination.
• Petrochemical Industries Company of Persian Gulf (شرکت صنایع پتروشیمی خلیج فارس / PGPC)coreStrategic or Co-development PartnerParent holding company overseeing Fajr Energy and other petrochemical companies in the region. Fajr Energy is the utility hub for the entire PGPC group. Fajr was designated as the pilot company for the PGPC in the zone.
• National Petrochemical Company (شرکت ملی صنایع پتروشیمی / NIPC)coreStrategic or Co-development PartnerNational parent company overseeing Iran's petrochemical sector. Fajr Energy operates as part of the NIPC subsidiary portfolio.
• National Iranian Gas Company (شرکت ملی گاز ایران)coreStrategic or Co-development PartnerMajor gas supplier to Fajr Energy. In 1404, Fajr Energy paid 15 billion tomans to the Gas Company, representing a significant ongoing utility input cost relationship.
• Ministry of Energy (وزارت نیرو)coreStrategic or Co-development PartnerThe Minister of Energy visited Fajr Energy to discuss expanding cooperation for reducing power imbalances (ناترازی) and increasing participation in the Iran's Energy Exchange (IRENEX). Fajr plays a role in national energy policy goals.
• Knowledge-Based Companies (شرکت‌های دانش‌بنیان)minorStrategic or Co-development PartnerFajr Energy signed MOUs and contracts with Iranian knowledge-based companies, including two such companies presenting at the 7th Technical Services Presidents' Meeting. These partnerships support localization and reverse engineering of power plant components.
• Iranian Domestic Manufacturers (سازندگان داخلی)minorStrategic or Co-development PartnerFajr Energy works with Iranian manufacturing companies to localize turbine blades, insulation, and other critical components, saving 370 billion tomans and preventing $40 million in foreign currency outflows.
• Oil Ministry and Government (وزارت نفت و دولت)coreStrategic or Co-development PartnerThe Government Spokesperson emphasized accelerating Fajr Energy's renovation projects with full government support for strategic industries. High-level visits from Parliament's Energy Commission and the Supreme Leader's representative in Khuzestan underscore the national strategic importance.
• Azad University of Omidiyeh (دانشگاه آزاد امیدیه)minorImplementation/ SI/ Consulting PartnerScientific delegation from Azad University of Omidiyeh visited Fajr Energy facilities, indicating academic cooperation and student training partnerships.
• Petroleum University (دانشگاه نفت)minorImplementation/ SI/ Consulting PartnerFajr Energy expressed enthusiasm for expanding interactions with the Petroleum University, indicating interest in academic and research cooperation to convert knowledge into practical applications.
• Amirkabir University of Technology (دانشگاه صنعتی امیرکبیر)minorImplementation/ SI/ Consulting PartnerStudents from Amirkabir University of Technology visited Fajr Energy facilities, indicating academic training and research collaboration.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Dalkia: Dalkia is a leading European cogeneration/CHP and industrial utilities operator providing steam, electricity, and utilities to industrial clusters — directly analogous to FEPG's integrated gas-fired power + steam + utilities hub serving a petrochemical complex.
• Air Liquide: Global industrial gas major operating air separation units producing oxygen, nitrogen and argon for petrochemical and industrial customers — closely comparable to FEPG's on-site ASU producing 35,644 Nm3/hr O2, 49,233 Nm3/hr N2 and liquid argon for the PGSEZ petrochemical cluster.
• Linde plc: Linde is one of the world's largest industrial gas and engineering companies, supplying oxygen, nitrogen, hydrogen and onsite utilities to petrochemical and refining complexes. FEPG's ASU operations and industrial gas supply to petrochemicals directly overlap with Linde's on-site/pipeline gas business.
• Air Products and Chemicals: Air Products is a major industrial gas company with significant on-site supply and air separation operations for petrochemical/refining complexes. Directly comparable to FEPG's ASU and pipeline gas delivery model to the PGSEZ petrochemical customers.

Broad incumbents

• Veolia Environnement: Veolia is a global water, wastewater and environmental services incumbent. FEPG's full water treatment suite (RO, DM, clarified, firefighting, sanitary) and ZLD wastewater treatment serving a petrochemical cluster map directly onto Veolia's industrial water/wastewater service offering.
• ENGIE: ENGIE is a global energy and utilities incumbent with significant gas-fired generation, district heating, and industrial utility operations across multiple geographies. Comparable to FEPG as a broad-based gas-fired power + multi-utility operator serving industrial and grid customers.
• Suez (industrial water & waste): Suez operates industrial water treatment, desalination, and wastewater services globally including for petrochemical complexes. Comparable to FEPG's multi-grade water treatment and ZLD wastewater operations serving petrochemical customers.

Regional players

• Tavanir (Iran Power Generation, Transmission & Distribution Management Co.): Tavanir is the state-owned holding company overseeing Iran's power generation, transmission and distribution. FEPG sells surplus electricity to Tavanir via IRENEX and is treated as part of the national energy policy framework — a direct regional counterpart in Iran's electricity ecosystem.
• Mobarakeh Steel Company (ESCO subsidiary utilities): Mobarakeh Steel and its Isfahan industrial complex host captive power, water and gas utilities serving a single large industrial cluster — the closest Iranian analog to FEPG's single-site integrated utility hub model, though in steel rather than petrochemicals.
• SABIC Utilities & Infrastructure affiliates: SABIC's Saudi Arabian petrochemical complexes operate captive utility/power/water infrastructure analogous to FEPG. As the Middle Eastern peer to Iran's PGPC hub model, SABIC's in-house utilities provide a regional benchmark for integrated petrochemical utility operations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fajrenergy
• Instagraminstagram.com/fajrenergy
• Xx.com/fajrenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fajr Energy Persian Gulf