Harbin Electric Company

In 2018, CalSTRS identified Harbin Electric as potentially having ties to Iran. CalSTRS subsequently removed Harbin Electric as it no longer holds securities of the company. (https://www.calstrs.com/sites/main/files/file-attachments/calstrs_investment_reports_2018.pdf)

"China's Harbin Electric International Company, which has power projects in Iran, Turkey and Indonesia among others, lost the bid on technical grounds, said a Bangladesh official, speaking on condition of anonymity." (February 2016) (https://financialtribune.com/articles/energy/36923/india-set-to-beat-china-in-bangla-power-deal)

On June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) identified Harbin Electric on its scrutinized companies Iran/Sudan list.  On September 24, 2008, OP&F adopted an Iran and Sudan Divestment Policy.   (https://www.op-f.org/Files/Scrutinized Companies Iran Sudan.pdf)

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In 2018 the U.S. state of Ohio listed Harbin Electric on its Iran prohibited companies list rendering Harbin Electric ineligible for investment and/or state contracting. (https://www.op-f.org/Files/Scrutinized%20Companies%20Iran%20Sudan.pdf)