PowerChina

As of August 15, 2019, the state of Iowa listed POWERCHINA 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 and 2019 PowerChina was listed on the Texas Comptroller List of Companies Engaging in Scrutinized Business Operations in Iran.     (https://web.archive.org/web/20180304055352/https://comptroller.texas.gov/purchasing/docs/anti-bds.pdf)

“Iran says a major Chinese infrastructure company is studying the prospects of investing in its water and electricity development projects. Media reports say a top-level executive team from PowerChina is currently in Tehran to meet the related officials to discuss potential areas of investments. The Chinese team on Monday visited Iran's Energy Ministry and voiced interest to take up projects in the country, Tasnim news agency reported. Officials at the Ministry also emphasized that Tehran is interested in cooperating with PowerChina, the report added. Alireza Daemi, the deputy energy minister for planning affairs, told Tasnim that Iran is specifically interested in cooperating with the Chinese company in constructions of dams, using renewable energies, building combined-cycle power plants, and the development of hydropower projects. All these projects, Daemi added, will be carried out with PowerChina through a scheme known as engineering, procurement and construction (EPC)." (Press TV, "Chinese firm studying Iran power projects," 5/12/15) (http://www.presstv.ir/Detail/2015/05/12/410651/Iran-China-power-projects-investment)

"The company has been identified as potentially involved in hydro-power and irrigation infrastructure projects in Iran. In 2019 CalPERS designated the company as under review. In 2020 CalPERS changed the designation to “being monitored” because CalPERS’ initial screening has not identified the company as having involvement in the regions and/or activities targeted by the Act. CalPERS continues to monitor the company for possible changes in status relevant to the Act." (https://www.calpers.ca.gov/docs/forms-publications/iran-sudan-divestment-2020.pdf)

As of May 17, 2021, Iowa's Public Employee's Retirement System lists PowerChina on its Iran Scrutinized Companies List. (https://www.ipers.org/sites/default/files/IPERS%27%20Iran%20Prohibited%20Companies%202Q21.pdf)

In 2018 the U.S. state of Iowa listed Power Construction Corporation of China as an Iran restricted company rendering Power Construction Corporation of China ineligible for investment and/or state contracting.