Iran Electrical Equipment Engineering (IREEE) Co PJS was established in 1991 as an engineering & services company in the field of energy. It focused on transferring technology, researching, developing, designing, engineering, executing projects on EPC and turnkey basis and investing in new production lines.Upon establishing itself as a prime leader in the a/m fileds, IREEE Co started designing and producing telecommunications and transmission line towers in 1993. In 1999, YARAGH AVARAN POOYA (Y.A.P.) Company was created with the objectives to produce Transmission Line Hardware and Fittings. Following the privatization policy in Iran, the Iranian Government sold the shares of IREEE and its Subsidiaries to the private sector. A number of highly skilled and competent managers of publically owned IREEE Co practically bid for the shares of IREEE Co and its Subsidiaries when the company and its Subsidiaries were put up for privatization. Consequently, the managers of the publically owned IREEE and its Subsidiaries became the new shareholders of the newly privatized companies. The managers relaunched the newly privatized companies with a new vision on a par with the true spirit of free enterprise and entrepreneurship. Nowadays, IREEE Co, a leading company in the Power Sector, is able to manage all aspects of power transmission line, substation, gas/steam power plant, instrumentation & control projects at optimal costs from front end engineering designs to turnkey delivery.