Sunir Company
Iran Power & Water Equipment & Services Export Co. (SUNIR) is a Tehran-based public joint-stock EPC contractor established in 1991. It delivers power generation, transmission and distribution, water, oil and gas, and general infrastructure projects, with operations across 33 countries in Asia, Africa and Latin America. The company is relevant to cross-border infrastructure procurement, equipment supply and project-delivery partnerships.
Operations & footprint
Products and services
Sunir Company provides EPC, engineering, procurement, construction, equipment supply, operation, renovation, and project-management services in power generation, power transmission, power distribution, substations, water and sewage, oil and gas, and construction. Its portfolio includes domestic and international power and infrastructure projects.
Operations and assets
SUNIR’s delivery model covers engineering, procurement, equipment supply, construction, erection, supervision, management, operation and financing for infrastructure projects.
Geographic footprint
Headquartered in Tehran, SUNIR has operated in 33 countries across Asia, Africa and Latin America. Named markets include Iraq, Afghanistan, Pakistan, Tajikistan, Syria, Ethiopia, Ghana, Kenya, Uganda, Tanzania, Sri Lanka, Algeria, Venezuela, Nicaragua and Bolivia.
Ownership & group structure
Ownership
Public Joint Stock Company.
Commercial and investment relevance
Sunir is relevant for investors assessing Iran's power EPC capability, engineering-services exports, transmission and distribution projects, regional infrastructure contracts, and the ability of Iranian firms to compete in power-sector construction abroad. It can support analysis of public procurement, project-finance exposure, equipment supply chains, engineering labor, and cross-border contract risk. Due diligence should review current project backlog, client geography, sanctions exposure, payment risk, equipment sourcing, state links, performance guarantees, and dispute or collection risk in foreign projects. For buyers and project partners, SUNIR offers an integrated EPC route for generation, grid, water and broader infrastructure schemes. Suppliers are relevant to its equipment-procurement and construction delivery model, while partners can assess it as a route to Iranian engineering and project-execution capability in export markets.
Constraints, risk & compliance
Key risks and constraints
Cross-border EPC delivery exposes SUNIR to contract performance, equipment-procurement, project-financing and payment-collection risk across multiple overseas jurisdictions.
Sanctions and compliance considerations
SUNIR’s Iranian base and international work, including projects in sanctioned or higher-risk markets, require transaction-specific sanctions and export-control screening by counterparties.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does SUNIR do?
SUNIR provides EPC and related services, including engineering, equipment supply, construction, erection, supervision, management, operation and financing for infrastructure projects.
Which sectors does SUNIR serve?
Its sectors include thermal, hydro and renewable power generation; power transmission and distribution; water and wastewater; oil and gas; and general infrastructure.
Where does SUNIR operate?
SUNIR is headquartered in Tehran and has operated across 33 countries in Asia, Africa and Latin America.
What is SUNIR’s legal form?
SUNIR is a Public Joint Stock Company.