IREEE

IRAN ELECTRICAL EQUIPMENT ENGINEERING CO.

IRAN ELECTRICAL EQUIPMENT ENGINEERING (IREEE) CO.

Date of establishment: 1991

Type of company: PJS

Registered in: Tehran, Iran

Registration number: 85754

Field of activities: Engineering, Contracting and Manufacturing

Established in 1991, Iran Electrical Equipment Engineering (IREEE) Co PJS is classified as a GRADE ONE EPC contracting company in the Electrical Power Sector in Iran. It has successfully designed and constructed numerous grand power distribution/ transmission lines, substations (AIS, GIS, Mobile, etc.), up to 400KV, projects on EPC and turnkey basis all over Iran and the Middle Eastern countries. Besides distribution/ transmission lines and substations, IREEE is also actively involved in the engineering and execution of Instrumentation and Control, Wind Energy, Static VAR Compensator (SVC) Projects and marketing and sales of POSITRON Insulator Testers as well as POSITRON access solutions devices. Iran Electrical Equipment Engineering Co PJS designs, engineers, manufactures, tests, supplies, installs and commissions what the Employer wishes for.

INTRODUCTION

Iran Electrical Equipment Engineering (IREEE) Company was established in 1991 as a quality inspection company to inspect electrical equipment used in the electrical power sector. Later on, it was delegated with the task of transferring knowledge and technology of production of electrical equipment from the most advanced countries in the world. Along this line, it succeeded in transferring the knowhow and technology of production lines for eleven (11) very important electrical equipment such as hardware fittings for transmission lines, composite and multimode OPGW (optical fiber composite overhead ground wire) cables, 20,33KV surge arresters, 400 amps automatic transfer switch, all types of metal halide and sodium-vapor lamps, designing Overhead Transmission Line Lattice Towers, Toughened Glass Insulators and Replacing of existing ground wires with OPGW under hot-line conditions, etc. Then, most of the aforementioned equipment were mass produced for the first time in the production lines/facilities of this company making this country self-sufficient in the said areas. IREEE established Tarrah Gostaran Pooya Company in 1996, and ventured into designing and producing lattice towers for transmission line. Subsequently, IREEE expanded further and started executing transmission line projects on EPC/ turnkey basis very actively and seriously. Sim Noor Pooya Company was founded in 1997 to be the pioneering producer of OPGW in the country. Later on, Yaragh Avaran Pooya (Y.A.P) and Noor Afshan Companies were established in 1999 to produce hardware fitting and lamps, respectively. Continuing establishing production units, IREEE established yet another company, Pars Maghareh, in 2001 to produce toughened glass insulators. Developing company’s activities in oil and gas projects, IREEE established Arya Petro Gas Company in 2002. Following the privatization policy in Iran, the governmental shares of subsidiaries of IREEE were first transferred/ sold to the private sector, and then the shares of the mother company, too. The new private shareholding managers of IREEE rejuvenated the company making it a leading company in the power industry to manage all aspects of power industry projects at optimized cost and from front end engineering design to turnkey delivery. Now, IREEE, one hundred per cent (100%) private, has in its group three other companies: YAP Co, hardware fittings manufacturer, Persian Sazeh Co, tower manufacturer and Nikan Niroo Sanat Co, involved in test and commission of substations.

Fariborz Saqafi: Chairman of the Board

Mohammad Nikan: Vice-chairman of the Board and Managing Director

Hashem Saqafi: Member of the Board

Fazel Saghafi: Member of the Board

HISTORY

BOARD OF DIRECTORS

The four pillars on which IREEE Company's successful businesses have been built on are the priorities that define and shape the way we do business today. Unwavering focus on these priorities will shape our businesses for years to come. FINANCIAL STRENGTH Financially, we are involved in diverse businesses. We invest in and focus on long-term opportunities that will contribute to strength of our company in the future. CUSTOMER SERVICE AND SATISFACTION Our customers around the world expect reliability, dependability and exceptional services. We are relentlessly at their service. EMPLOYEE COMMITMENT We equip our employees with the resources and support necessary to be successful. We encourage teamwork and provide a safe and rewarding work environment. Our employees understand that we make no compromises when it comes to safety. Simply put, we take care of our employees and they, in turn, take care of pour clients.

OPERATIONAL EXCELLENCE Our employees pride themselves on operational excellence in every facet of the work they perform. Our high operational standards allow us to meet and exceed our customers' expectations, perform our work safely and preserve our assets

PRIORITIES

HEALTH, SAFETY AND ENVIRONMENT (HSE)

HSE is not only our priority, it is our core value. We strive for excellence and try our level best to avoid accidents. The safety of our employees, clients and the public supersedes everything else.

Iran Electrical Equipment Engineering Co has adopted Safety First as part of its commitment to improve safety standards within the company and the industry. It operates several safety initiatives to create, foster and enforce a culture where everyone goes home every day unharmed. The role and responsibilities of this department are:

• Coordinating the overall activities of the company to meet quality, health and safety standards; • Monitoring and giving advice and guidelines on performance issues related to Quality Management Systems and Health

and Safety; • Liaising with managers and staff members throughout the company to ensure that quality and safety systems are

functioning properly; • Promoting quality achievement and performance improvement throughout the company; • Serving as the primary quality control and safety source for problem identification, resolution, loss reporting and

continuous improvement; • Developing and implementing quality management strategy and plans to support, contribute to and integrate within the

company’s business plan and long term strategy; • Designing, developing and ensuring full implementation of quality control and safety systems; • Submitting reports on quality and safety violations and performing root-cause analysis and other problem solving

activities to identify effective corrective actions and process improvements; • Ensuring the application of all related processes, policies and procedures prior to commencement of company`s projects

and respected throughout the full life cycle of the projects; • Ensuring compliance with national and international standards and legislation; • Establishing and implementing necessary communications strategy for the improvement and awareness of quality and

safety issues across all departments; • Preparing and managing department budget in line with the company`s objective and in full coordination with the CFO; • Approving the annual safety and security plan and goals, identifying projects, setting budgets and managing expenditures; • Monitoring the implementation of the safety and security plan, supporting the Company’s goals and objectives; • Performing systematic and periodical reviews and reports to management on quality and safety issues, trends and losses; • Performing periodical visits to different locations to ensure full implementation of quality and safety standards; • Managing and monitoring quality control and safety personnel on day-to-day basis; • Providing ongoing training and communication to quality and safety personnel located in different business units within

the company and • Monitoring and approving investigation reports regarding theft, alarms, accidents, injuries and other incidents that may

occur.

HSE, QA AND QC

1) ENGINEERING Transmission Line Engineering Substation Engineering

2) MANAGEMENT Project Management Construction Management

3) PROCUREMENT Selecting Vendors of goods/equipment and/or services Preparing and sending RFQs/ RFPs Evaluating RFQs/ RFPs, and sending purchasing order Receiving the goods and/or services Vendor Payment

4) EXECUTION Temporary camp site establishment Civil/ foundation construction Transmission line tower erection and stringing Substation equipment erection

5) MECHANICAL COMPLETION AND

PROJECT COMMISSIONING

Testing, commissioning and handing over the project

6) HOTLINE INSULATOR TESTING SERVICES

Porcelain Insulator Tester Composite Insulator Tester Universal Insulator Tester

OUTLINE OF ACTIVITIES AND SERVICES

The Engineering Department is responsible for all the engineering calculations of transmission lines (overhead and subterranean) and their relevant equipment and telecommunication towers. Designing and engineering activities in connection with construction, expansion, upgradation of all types of distribution, transmission lines (up to 400 KV) and substations (AIS, GIS and Mobile) are also done in this department. All the engineering calculations are done in accordance with IEC and IEEE Standards. Software such as MS-TOWER, AUTOCAD, PLS-CADD, etc. for transmission lines and DIgSILENT, CYMEDIST, CALCULUX, DIALUX , ETAP, SAP, etc. for substations are extensively used in this department.

ENGINEERING

TRANSMISSION LINE ENGINEERING

Survey and route finding Plan and Profile Tower Spotting Sag and Tension Calculations

OVERHEAD TRANSMISSION LINE PRODUCT ENGINEERING

Modelling and Analysis of Lattice Tower Systems Shop Drawing

SUBSTATIONS

The primary objective of this unit is to design, engineer, supply, install, commission and test all types of substations (AIS, GIS, MOBILE, etc.) including Power and Auxiliary Transformers, CB, DS/ES, LA, LT, Power Cables, Grounding, etc.

Eight (8) years of experience in designing and execution of substation projects, up to 400KV, for different industries such as steel, copper, oil, gas and food in Iran.

LOW VOLTAGE ENGINEERING FOR SUBSTATION AND INDUSTRIES

Current Transformer Calculation Capacitive Voltage Transformer General Single Line Diagram Protection and Metering SLD. LVAC and LVDC Calculation and detailed design Control Logic diagram and Trip tables Signal and alarm list Panels front views Schematic

HIGH VOLTAGE ENGINEERING FOR SUBSTATION

Lightning Calculation Ground grid Calculation and detailed design Surge Arrester Calculation Buswork Calculation Lighting Calculation and detailed design Cable Calculation General layout and sections Clamp and fitting

CIVIL ENGINEERING Foundation calculations and design Structure calculations and design Landscaping design Building foundation and structure calculations and design Electrical and mechanical calculations and design Surface water draining Excavation Stub setting

Management is more than simply telling employees what to do. Management involves problem-solving, decision-making, planning, delegation, communication, and time management. Top managers of IREEE strictly observe the execution of the fundamental functions of management, i.e., planning, organizing, coordinating, directing, and oversight. In another word, management is the dynamic, life-giving element in every business.

PROJECT MANAGEMENT

Today’s Engineering, Procurement, Construction (EPC) projects are becoming more complex and more implemented on much larger scales. IREEE uses PRIMAVERA, MS PROJECT, PMBOK SOFTWARE to equip its project staff with the knowledge of EPC activities from initial feasibility studies, to detailed engineering, construction and operations, management of the actual project facilities and their benefits in effectively and efficiently managing EPC projects that they can apply immediately in their EPC project environment.

CONSTRUCTION PROJECT MANAGEMENT (CM)

At IREEE, we use specialized project management techniques to define and oversee the planning, design, coordination, performance requirements and construction of a project, from conception to completion. We control a project's time, cost and quality.

To cater to the needs and requirements of the projects and employers, IREEE has established and maintained excellent business relationships with reputed vendors of goods and services.

After a project contract has been signed, the procurement team develops a plan to purchase goods or outsource services that includes the following: initiating and planning, selecting, contract writing, monitoring, and closing and completing.

MANAGEMENT

PROCUREMENT

Every project and project team starts out with the aim of executing a project successfully. Successful project execution is measured by several parameters, but, almost without exception, two measures of success are minimized cost and schedule duration.

Project success is a function of the people skills and a broad understanding of diverse subject matter of the project management team. Scope definition, execution considerations, construction strategy, planning and schedule impact, resource utilization, overcoming difficulties and problem solving are just a few to enumerate even without addressing the technical side. Then, there is the cost, estimating, and estimate side, factor estimates, detail estimates, forced detail estimates, basis of estimate, construction wage rates, and so on. Then, there is the technical side, material issues, piping systems, equipment considerations, civil and structural, electrical and control systems, document control, specifications, standards, and regulations.

Mechanical Completion, the final phase of construction activities, is to verify the completeness of the plant and that each installed component conforms to or is fabricated, installed and tested in accordance with the project specifications and procedures after all mechanical works including pre-commissioning activities are completed. Mechanical Completion is one of the project key milestones. When it is achieved, owner (client) releases the Mechanical Completion Certificate and a plant is handed over for the commissioning and operation activities from the construction to the plant operation group.

The main objective of commissioning, the riskiest step in any EPC project, is to affect the safe and orderly handover of the project from the contractor to the owner, guaranteeing its operability in terms of performance, reliability, and safety and information traceability. Additionally, when executed in a planned and effective way, commissioning normally represents an essential factor for the fulfilment of schedule, costs, and safety and quality requirements of the project. IREEE Team commissions the projects as per the above and to the uttermost satisfaction of the Employer.

Using insulator testers such as porcelain, composite and universal, we test insulators under hotline conditions.

EXECUTION

MECHANICAL COMPLETION AND PROJECT COMMISSIONING

INSULATOR TESTING

IREEE prides itself in offering construction services for automation, instrumentation and control solutions to clients in energy sector on turnkey /EPC basis.

Relying on our years of experience, our highly qualified project management teams are there to design tailored automation solutions and to help you achieve your project targets/goals. Our services in installation and commissioning assure timely completion of your projects.

Static Var Compensator (SVC) solutions, efficient means to maintain the reliability and efficiency of power supply either in the grid or for large industrial loads, are a recent addition to the list of services of IREEE. We configure and customize the SVC to fit each customer with their specific needs.

SVC

AUTOMATION, INSTRUMENTATION AND CONTROL

ITEM PROJECT NAME CLIENT LOCATION START-COMPLETE

1 Dehkanan-kamyaran 63Kv T/L Kordestan Distribution Co Sanandaj, Iran 2018 Under-construction

2 Saveh City 63 Kv T/L West Regional Electric Co Saveh, Iran 2018 Under-construction

3 AZAD University 20Kv T/L AZAD University Tehran, Iran 2016 Under-construction

4 Karbala Refinery Project OHL, 33 Kv, SC, 30 KM long

Power Eng. World Najaf -Karbala 2015 Under-construction

5 Saraya Bandar 11Kv T/L ONEIC Masqat, Oman 2013-2015

6 Beiram-Emadeh 132kv T/L F.R.E.Co. Fars, Iran 2006-2009

7 Takestan-Heydarieh 63kv T/L Z.R.E.Co. Zanjan, Iran 2006-2007

8 Chabahar-Chabahar3 63kv T/L S.B.R.E.Co. Semnan, Iran 2007-2010

9 Golpayegan –Boin 63Kv T/L I.P.D.Co. Esfahan, Iran 2000-2001

10 400 Kv T/L I.P.D.CO Khuzestan, Iran 1999-2002

11 Sarcheshmeh 132Kv T/L N.I.C.I.Co. Kerman, Iran 2011- 2012

12 Mehran–Azar 132 KV T/L GH.R.E.Co. Kermanshah, Iran 2011- 2013

13 Satarkhan Dam 63kv T/L N.I.C.I.Co. Ahar, Iran 2011-2013

14 Dehloran 11Kv T/L O.E.I.D Ilam, Iran 2011 - 2012

15 Kohdasht-Seimareh 230kv T/L GH.R.E.Co. Kermanshah, Iran 2011 -2012

16 Javeh Dam T/L 20KV I.W.P.Co. Sanandaj, Iran 2014- 2015

TRANSMISSION LINE PROJECTS

ITEM PROJECT NAME CLIENT LOCATION START-COMPLETE 1 Electrical Equipment instrument

for Dehloran Oil Field O.E.I.D Dehloran, IRAN 2011- 2013

ITEM PROJECT NAME CLIENT LOCATION START-COMPLETE

1 Electrical infrastructure development including a Substation

Anzali Trade-Industrial Freezone Organization

Gilan, Iran 2018 Under-Construction

2 NGL3200 , West of Karoun 230/33 Kv Substation

Petrochemical Co. Ahwaz, Iran 2016-Under-Construction

3 Development Alvand 63/20 Kv Substation

Z.R.B.Co. Zanjan, Iran 2016-Under-Construction

4 Oilfield Azar 132/20Kv Substation

P.E.D.E.Co. Mehran, Iran

2013- 2015

5 Kalleh 63/20Kv Substation Kalleh Co. Amol, Iran 2013-2015

6 Sonegon Dam 63/6kv Substation

N.I.C.I.Co. Ahar, Iran

2011- 2013

7 Semnan Fajr Steel 63/20 kV Substation

S.F.S Co. Semnan, Iran

2012- 2013

SUBSTATION PROJECTS

AUTOMATION, INSTRUMENTATION & CONTROL PROJECTS

Item Project Name Employer Total Weight(ton)

1 Towers & stub of 400Kv ( Aliabad-Esfarayen)

Iran Power Development Co 10226

2 Towers of 400Kv ( Tiran 3- Karoon ) Isfahan Regional Electric Co 6359

3 Towers of double circuit 400Kv transmission line (Firoozkooh-Semnan)

Semnan Regional Electric Co 5355

4 Towers of double circuit 230Kv (Neka-Dehak)

Mazandaran Regional Electric Co 768

5 Towers of double circuit 230Kv (Neka-Dehak)

Mazandaran Regional Electric Co

532

6 Towers of 230Kv (Islam Abad Cheshme sefid)

West Regional Electric Co 889

7 Towers of 230Kv (Islamabad- Sarpole zahab)

West Regional Electric Co 814

8 Towers of 230Kv (Sanandaj- Cheshme sefid)

West Regional Electric Co 725

9 Towers of double circuit 230Kv Mazandaran Regional Electric Co 227

10 Towers of double circuit 230Kv Kerman Regional Electric Co 375

11 Towers of 66Kv Fars Regional Electric Co 600

12 Towers of 66Kv Fars Regional Electric Co 400

13 Towers of 63Kv Fars Regional Electric Co 700

14 Towers of 63Kv (Koohdasht- Dareshahr) West Regional Electric Co 600

15 Towers of double circuit 63 KV West Regional Electric Co 600

16 Towers of double circuit of 63Kv Isfahan Regional Electric Co 600

TOWER SUPPLY REFERENCE LIST

The Islamic Republic of Iran Reg No: 952/60/302734 The Ministry of Cooperatives, Labour, and Social Welfare Date: Dec 11, 2016 Tehran Main office of Cooperatives, Labour, and Social Welfare

SAFE-CONTRACTOR ACCREDITATION CERTIFICATE For Legal Entities Only

In consideration of implementation of Article 2 Note, on Safety Regulations for the Contractors’ affairs, resolved by the SUPREME COUNCIL on TECHNICAL SAFETY, Safe-Contractor Accreditation Certificate in favor of Company/Institute/ workshop: IRAN ELECTRICAL EQUIPMENT ENGINEERING COMPANY PJS , Managed by Ms. / Mr. Fariborz Saqafi, holder of National ID Card No: 2141982881, having legal address at: First Floor, No. 129, Dr. Fatemi Ave, Postal Code 1414713713, Tel No: 88985282, Cell Phone No: 09123379914, Fax No: , Email: , Reg No: 85754, Reg Date: Sept 25, 1991, and Commercial Card ID No: 10101302040 active in the field of : Electrical Power- Electrical and Mechanical –Construction and Civil Works, was approved by the Provinial Committee for Safe-Contractor and hereby issued. This certificate reserving the rights of cancellation and suspension as per the Safety Regulations for the Contractors’ affairs (Articles appear on the back page of this Certificate) is valid for Two years from the date of issue and is non-transferrable. Hatam Shakarami Signed on Nov 29, 2016

General Manager

No. Description Person 1 PHD 2 2 M.S 16 3 B.S 94 4 Technical Men 16

Total: 128

MAIN HUMAN RESOURCES (DEGREE)

No. Description Person 1 (5-10 Years) 74 2 (10-15 Years) 28 3 (15-20 Years) 14 4 (20-25 Years) 6 5 (25-30 Years) 6

Total: 128

EXPERIENCE OF HUMAN RESOURCES

TYPE TEST OF TOWERS

TYPE TESTS OF FITTINGS

To: Iran Electrical Equipment Engineering Co. Subject: Announcement of finished projects Referring to the letter number 1/76546 dated 02/06/2005, this is to declare that the Following projects have successfully been carried out and we look forward to better cooperation and promotion of your abilities and capabilities in the upcoming projects.

No Subject Date of contract Employer’s

contract number

IREEE contract number

1 Double circuit towers 63Kv 24/02/1995 73/161 1210/161

2 Double circuit towers 63Kv 08/12/1995 73/162 1210/162 3 Fittings of 63Kv OHTL 32 03/02/1995 74/202 1010/1 4 Fittings of 63Kv OHTL 14/11/1997 76/225 1010/639 5 Fittings of 63Kv OHTL 28/08/1998 1010/739

Zanjan Regional Electric Co., To: Iran Electrical Equipment Engineering (IREEE), With Regards, According to the letter no. 4/81566 dated 21/04/2009, we hereby declare our satisfaction of your co. in execution of Contract no. 85/102 about the purchase of equipment, construction of foundation, installation as well as erection and stringing the 63 k.v. double circuit transmission line in Takestan- Heidariyeh. Asghar Alimohammadi Transmission line project manager

To: Iran Electrical Equipment Engineering (IREEE), From: Sistan and Balochestan Regional Electric Co., According to the letter no. 1/76546 dated 22/08/2005, we hereby confirm our purchase of hardware and fittings of 63 and 230 k.v. as per the attached table. We also declare our satisfaction of procurement of the nominated agreement. Rahman Rigi Commercial Manager

Islamic Republic of Iran Ministry of Power Semnan Regional Electric Co. To: Engineer Mohammad Jafar Shoukohi nia, Managing Director of Iran Electrical Equipment Engineering (IREEE), We hereby thank God for your kind and long term effort in power industry develop social welfare, agriculture, industry. It is our proud to declare that you have executed the 400 KV of Semnan Firoozkooh turnkey project in this province. Hope your will be more successful in all of your activities though out Islamic Republic of Iran. Karim Azadegan, Managing Director and Chief of the boards

To: Mr. Mir Hosseini Tower Project Manager of Iran Electrical Equipment Engineering (IREEE), Further to the letter no. 41/61872 dated 09/09/2000, We hereby declare our satisfaction of the procurement of manufacturing the towers of Karoon 3 to Tiran transmission line which one the important and strategic projects in Iran’s transmission line. It is necessary to announce that your precise attention as well as your co. is the major parts of the execution of this project as follows:

1- Technical and Engineering in design and manufacturing of transmission line. 2- Time Managing as well as the cooperation with all the contractors for both

consultants and principle. 3- Risk management in solving the issues in designing, manufacturing as well as

installation. 4- Making progress in procurement of the project with all the limitations facing with

local manufacturing. Finally, we hope you will be successful in all your projects as well as your life. Regards, Reza Tofighi Project manager of distribution, transmission and dispatching

To: Iran Electrical Equipment Engineering (IREEE), Subject: Satisfaction letter Further to your kind completion of Contract no. 385018 about Construction of 132 KV of Birom – Emadeh transmission line on turnkey basis, We hereby appreciate you and your kind colleagues’ efforts and wish all the managers and experts of your organization be successful. Mahmood Ketabi Project Manager of over distribution lines

To : Iran Electrical Equipment Engineering Company Subject: End user certificate and declaration of satisfaction from the contract made between both parties We are writing this to announce our satisfaction of al of construction and declare that the following contracts have successfully been finished and performed as below.

No. Subject Contract Contract Date Contract Number IREEE Contract number

1 Fittings of 400Kv OHTL (Khoram abadKermanshah-Hamedan) 1994/11/24 02-73-14 1040/114

2 Fittings of 400Kv OHTL (South-North) 1994/03/29 B-74-17 1010/178

3 Fittings of 230Kv (Ahar-Magry) 1994/07/17 B-74-21 1240/179

4 6254 tons of single circuit towers of 400Kv (Aliabad-Esfarayen) 1995/9/1 B-74-13 1040/282

5 Fittings of 400Kv OHTL (Zanjan-Maraghe-Tabriz) 1995/11/9 1240/338 6 Stub towers of 400Kv (Aliabad-Esfarayen) 1996/08/28 B-77-63 1040/780 7 Fittings of 400Kv OHTL (Gilan-Zanjan-Hamedan) 1996/12/01 B-77-63 1240/780 8 10226/584 tons of 400Kv towers 1998/12/01 B-75-19 1040/270 9 Fittings of 400Kv (Golpaygan-Abaspoor-Golandar) 2000/12/10 B-78-106 1040/1069

Islamic Republic of Iran Ministry of Power Isfahan Regional Electric Co. To: Iran Electrical Equipment Engineering (IREEE), From: Isfahan Regional Electric - deputy of design and development. Subject: Satisfaction letter Kindly, We hereby announce our satisfaction in technical and engineering, cooperation as well as solving the problems of design, manufacturing and procurement of the related project. We hope that our cooperation will be continued in future. Ahamad Reza Daneshman Deputy of design and development