BAYAT POWER ANNOUNCES THREE-PHASE US$250M INVESTMENT PROGRAM TO ACCELERATE AFGHANISTAN’S GAS-FIRED POWER INDUSTRY
Afghan-Owned Energy Company Leads Transformational Effort To Foster Nation’s Energy Independence
Kabul, Afghanistan—October 3, 2016—Bayat Power, a wholly owned subsidiary of Bayat Energy (www.bayat-energy.com), an Afghan-owned, independent energy exploration, development and production company executed a Memorandum of Understanding (MoU) with the Government of the Islamic Republic of Afghanistan today to enter into a partnership with Bayat Power for its three-phase, US$ 250M Independent Power Producer (IPP) investment program.
The program’s first phase – Bayat Power 1 – is a 100% equity financed power plant to be located in Sheberghan, capital of Jawzjan Province which will have a 52MW capacity. Subsequent phases will scale to more than 200MW of capacity, utilizing advanced aeroderivative technology. The fully completed gas-fired power plant will be able to generate in excess of 200 MW of power and is expected to have an operational life of at least twenty-years.
“This project — the first privately financed gas-fired power plant in Afghanistan’s history — will harness the rich and plentiful gas resources available in the Sheberghan/Yatimtaq Region to help kick-start Afghanistan’s journey towards energy independence, help restore our domestic gas-to-power industry and develop our nation’s economy,” Dr. Ehsanollah Bayat, Chairman of Bayat Power stated. “We look forward to working with the Afghan government, our technical partners, and most importantly, our fellow citizens, in our mission to create jobs and opportunities which benefit the entire nation.”
The MoU — approved during a meeting of Afghanistan’s Economic Council chaired by His Excellency, President Ashraf Ghani, on Sunday, October 2nd — was signed by Dr. Bayat and Eng. Ali Ahmad Osmani, Minister of Energy and Water, in the presence of His Excellency President Ghani and Economic Council members on Monday, October 3rd.
About Bayat Energy:
Bayat Energy is Afghanistan’s leading Afghan Owned Oil and Gas exploration, Development and Production Company. Founded by Dr. Ehsan Bayat, the Chairman of The Bayat Group (www.bayat-group.com), Bayat Energy is a division of The Bayat Group of companies, which include Afghan Wireless (www.afghan-wireless.com) Ariana Television and Radio (www.arianatelevsion.com), and additional Construction, Consumer and Logistics Enterprises. Learn more about how Bayat Energy is building an Afghan energy industry which will provide affordable, accessible to the Afghan people by visiting our website: www.bayat-energy.com
DR. EHSANOLLAH BAYAT, FOUNDER AND CHAIRMAN OF THE BAYAT GROUP RECEIVES ANNUAL LEADERSHIP AWARD FROM AFGHAN-AMERICAN CHAMBER OF COMMERCE
Kabul, Afghanistan—May 3, 2018—The Bayat Group (www.bayat-group.com), Afghanistan’s largest private company and employer, whose divisions include market-leaders Afghan Wireless (www.afghan-wireless.com), Ariana Television, (www.arianatelevision.com), ATN News (www.ariananews.af), Bayat Energy (www.bayat-energy) and other enterprises, announced today that Bayat Group Founder and Chairman Dr. Ehsanollah Bayat, is the recipient of the Annual Leadership Award from The Afghan American Chamber of Commerce (AACC).
The Afghan-American Chamber of Commerce is the leading non-profit organization dedicated to championing investment in Afghanistan and promoting strong and supportive relationships between Afghan and American business leaders. The AACC bestowed its Annual Leadership Award—the organization’s highest honor—upon Dr. Bayat in recognition of his powerful and innovative leadership in helping build a modern Afghan economy.
The Bayat Group is Afghanistan’s largest employer, providing jobs to approximately 100,000 Afghans. Its operating subsidiaries include Afghan Wireless—The Bayat Group’s founding company—which launched Afghanistan’s wireless sector; Bayat Power, the nation’s leading gas-to-power generation company; Ariana Television and Radio; and the Bayat Foundation, a philanthropic organization dedicated to nourishing the lives of at risk Afghan families and children.
“I accept the AACC’s Annual Leadership Award with tremendous gratitude,” said Dr. Ehsanollah Bayat, the Founder and Chairman of The Bayat Group. “The Bayat Group invests and builds in Afghanistan—we have a workforce that is 99 percent Afghan—because we want Afghans to live better lives,” Dr. Bayat said.
About The Bayat Group
Founded by Mr. Ehsan Bayat, The Bayat Group (www.bayat-group.com), is Afghanistan’s most prominent diversified services company, comprising Media and Telecoms (Afghan Wireless, Ariana TV/Radio), Energy and Mining (Bayat Energy), Construction, Security and Logistics Enterprises. A leader of Afghan-based economic development, The Bayat Group provides employment to more than 6,000 Afghans through its direct operations and employs more than 100,000 other Afghan citizens through its ecosystem of dealers and vendors.