Iran Power Plant Investment (Sana)

Industry: Power & Utilities
Headquarter: Iran

Company Description

IranPower Plant Investment Company was established in the initial years of Irans power industry reconstruction so that it can be helpful and effective as an important agent and at the same time make use of created opportunities. With more than a decades experience, this company has managed to invest in several power plant projects and is currently involved in providing electrical energy, operating and maintaining power plants, and presenting modern trade and investment services for the development of Irans power industry. Iran Power Plant Investment Company otherwise known as Sana (LLP) was registered in Tehran Companys Registration and Non-Commercial Institutions Office and was established with an initial investment of four billion Rials (400 million registered shares) in partnership with Satkab Company and a number of investment companies and Power industry (Tavanir) companies on December 20, 2004, under registration number 237110. Early in 2009, the shares of Satkab and Tavanir companies, through the Privatization Organization, as well as the share of Social Security Investment Company were transferred to Saba utilities and energy company (affiliated with Irans Foundation of the Oppressed) According to the decisions of the Extraordinary General Meeting (EGM), the companys capital increased for 3.564 billion Rials in the first phase on February 20, 2006, 800 billion Rials in the second phase on August 2, 2005, and 1,661,100 billion Rials in the third phase on November 21, 2010. In the fourth phase, the companys capital increased for 780 billion Rials on January 23, 2014 and it reached 2,441 billion Rials on December 8, 2015.

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