The discussions took place during a two-day meeting attended by the
chief executives of PGPIC subsidiaries, senior executives, board members, and
corporate management teams.
Participants examined plans for restoring facilities affected by
recent disruptions, accelerating the return of production units to operation,
securing feedstock supplies, and addressing financing needs for ongoing
development projects.
PGPIC Chief Executive Officer Mohammad Shariatmadari emphasized the
importance of active financial management at the project level, stating that
subsidiary executives should pursue diverse financing solutions alongside project
execution. He also highlighted the need for stronger economic planning and
market analysis throughout project development.
Shariatmadari noted that prolonged project completion timelines can
increase investment costs and reduce commercial viability, underscoring the
importance of clear schedules, secured financing, and careful assessment of
future market demand before launching new projects.
He added that an agreement has been reached with the National
Development Fund to facilitate the allocation of financial resources for
reconstruction activities, with the aim of accelerating the recovery of
affected facilities.
The CEO also called for greater attention to research and development
across subsidiary companies and stressed the importance of maintaining
profitability and value creation for shareholders.
During the meeting, subsidiary executives presented updates on their
operations and outlined challenges related to production, feedstock supply, and
project financing.
Separately, participants agreed to accelerate the development of solar
power projects as part of a broader strategy to diversify the group’s energy
portfolio. The initiative targets the development of up to 5,000 megawatts of
solar generation capacity.