Inter Rao UES

"Inter RAO – Export LLC and the Khuzestan Water & Power Authority of the Islamic Republic of Iran have signed a Memorandum of Understanding on a project to expand the Dez hydropower plant by 720 MW, which involves the construction of an additional turbine hall," the company said in a press release. Inter RAO — Export, which is a subsidiary of Inter RAO, a public joint-stock company, undertakes projects abroad as a contractor. Under the two memorandums, the company will be in charge of drawing up technical and commercial proposals for the projects, it was noted in the statement." (March 2016) (https://sputniknews.com/business/201603181036550810-inter-rao-iran-hydropower/)

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As of August 15, 2019, the state of Iowa listed Inter Rao on its Iran scrutinized companies list. (https://www.ipers.org/sites/default/files/media/2017%2009%20Iran%20Prohibited%20Companies%20List%2009-30-17.pdf)

In 2018 the U.S. state of Iowa listed Inter Rao on its Iran prohibited companies list rendering Inter Rao ineligible for investment and/or state contracting. (https://www.ipers.org/sites/default/files/media/2017%2009%20Iran%20Prohibited%20Companies%20List%2009-30-17.pdf)