Iran Water and Power Resources Development Company was established in 1368. The main responsibility of this company is to actualize a considerable part of the hydropowerpotentials of the country and develop the facilities of reserving and transfering of water.
In order for achieving this goal, IWPCo aims to:
"Develop and complete the power generating, water transfer and pump-storage projects and render management services to the said projects"

IWPCo is active in the following fields:

Preparing, operating and developing hydropowerpower generating facilities and structures

Preparing and implementing national projects in the fields of providing and transferring water and pump-storage facilities and structures

Rendering project management services in the fields of hydropowerpower plants facilities on the basis of different financing methods

Designing different projects in respect of water industry policies of the country and proposing them to the Mother Company of Iran Water Resources Management and supervising these projects

Feasibility studies for hydropowerprojects and proposing them to the Mother Company of Iran Water Resources Management

Providing standards in the fields related to the goals of the company and providing consulting services in this regard

Implementing programs of Mother Company of Iran Water Resources Management in the field of supporting and boosting potentials for contracting, consulting and constructing hydropowerpower plants equipments and attracting public partnership in this regard

Cooperating with research companies in order to develop scientific, technical and economic potentials, including new scientific and technical methods for implementation of water and hydropowerstructures
Purchasing services from private sector in the fields of research and implementation of water and hydropowerstructures in order to decrease the costs, boost the productivity and increase the quality of services
Performing all types of activities and exchanges which are necessary to achieve the goals of the company, within the framework of the relevant rules and regulations
IWPCo is an independent legal entity and a private joint-stock company. IWPCo is financially independent and follows its own articles of association. IWPCo is one of the sub-divisions of Mother Company of Iran Water Resources Management and all its shares belong to the government.

The main components of IWPCo are as following:

General Assembly

Board of Managers and Manager of the Board

Inspector and Auditor of IWPCo, They follow the regulations set by the Ministry of Energy in respect of policies, programs and activities

The main office of IWPCo is located in Tehran, but it is active all over the country.

IWPCoo has completed the construction and implementation of four power plants, with the capacity of approximately 4000 MW and has 7 projects in hand, with the capacity of more than 6500 MW, which will be completed by the end of fourth Development Program.

IWPCoo is also studying the feasibility of more than 16000 MW of different power plant projects.