Nirou Investment Company:

Nirou Investment Company was established on June 20, 1996 as a public company and with a

capital of 250 million dollars, is currently one of Iran's subsidiary investment companies. Nirou
Investment Company is listed in the capital market with the symbol Veniro and its shares are currently
tradable with a market value of 1.5 billion dollars.

Investment in shares and securities and infrastructure projects of electricity production, transmission

and distribution sectors, investing in water and sewage projects, as well as housing,

agriculture and commerce of the aforementioned activities are topics of the company's activity.

Irsa Power Plant Management Development Company: Power Plant Holding

Persian Gulf Export Company: Kish Holding Trading

Satrap Gostar Nirou Company: Construction Holding

Damavand Agriculture and Industry Development Company: Agricultural Holding

Kausar Land Reclamation Company: Agricultural Holding

Aban wind turbine company

Kimiab Zarin Damavand Company: Water and Wastewater Holding

This company is developing into a multidisciplinary holding in the country, in the fields of investment in

thermal electricity, renewable electricity, water and sewage, agriculture, construction and commerce.

In this regard, Nirou Investment Company pursues the path of becoming the organization

responsible for the Kashmar Special Economic Zone. Having confirmed the capabilities of the Power
Investment Company in terms of importance of investment and possessing technical and executive
qualifications, the Khorasan Razavi Governorate further approved the Nirou Power Investment

Company as the organization responsible for the special region through a letter sent to the Secretariat of
the Supreme Council of commercial industrial and special economic Free Zones.

A major part of the special economic zone will be allocated to the construction of the energy park. A 100

megawatt solar power plant that can be expanded up to 400 megawatts will be built in the energy park.

Also, if the fuel supply is sufficient, 2 combined cycle power plants with a total capacity of 1000 MW and

4 CHP power plants with a total capacity of 100 MW will be built.

The technical and economic justification plan report has been recently prepared by the
consultant and submitted to the Secretariat of the Supreme Council of Free Trade Zones for review.

With the success of the organization responsible for the special region of Kashmar, a good income will
be obtained from this place for the power investment company.

1) Investment in thermal power plants:

Irsa Power Plant Management Development Company, as a thermal power plant holding company, will

invest in thermal power plants including gas, combined cycle and CHP plants.

2) Renewable energy holding

According to the policy of Niroo Investment Company in order to increase the volume of its investments

in wind and solar renewable energy, a renewable energy holding company will be established and all

companies active in wind and solar energy will be under this holding. .

Aban Wind Turbine Company, Damavand Energy Development Company and Atrek Sablan Company are

renewable companies that will subsist under the Renewable Energy Holding Company.

3) Water and sewage holding

Investing in the water and sewage industry is one of the other goals of Niroo Power Investment
Company. Investing in the project of constructing a sewage collection network and constructing a water
treatment plant in the city of Kashmar is on the agenda of this holding.

Investment in the field of desalination is also being studied and investigated.

4) Agricultural holding

The creation of an agricultural holding company and investment in this sector is on the agenda of Niroo
Power Investment Company.

The Damavand Agriculture and Industry Development Company is currently registered as an agricultural

holding and with its first step, has purchased the greenhouse town of the Tarshiz region. Investing in the

agricultural sector will further assist review and implementation of suitable agricultural plans due to the
purchase of a greenhouse town as well as the ownership of 175 hectares of

agricultural land in Saveh.

5) Construction holding

Satrap Gostar Niroo company was established with the aim of investing in the housing and construction

sector. Niroo Investment Company's ownership of a significant number of land and buildings in

Tehran and other cities, leaves no doubt that investing in this area can have a very good return for the
Company.
6) Trading holding

Saderat Niro Kahlif Persian Gulf Company is currently in charge of commercial activities in the

export and import of goods. The spare parts market of power plants is a virgin market with a reliable
and high profit margin, which according to the investments made in Thermal and renewable power
plants by the power investment company, entering the spare parts market of power plants can be a very
attractive market.

By examining the needs of this market in the next 8 years and the requirement of about 3 billion dollars
of this market for spare parts, Saderat Niro Trading Company of the Persian Gulf of Kish is responsible
for trading activities of spare parts of power plants with the aim of gaining 20% of this market.

Irsa Power Plant Management Development Company:

The company has been operating for 10 years, in line with the expansion of investment activity in the
field of power plants, entering the national and regional markets, exporting electricity and realizing the
goal of owning 5000 megawatts of power plants, including 4500 megawatts of thermal power plants and
CHP and 500 megawatts of renewable wind and solar power plants during a program.

Currently, this company is operating with a capital of 238 billion dollars. Irsa Power Plant Management

Development Company owns the following companies.

1- North and South Energy Development Company (100 percent), owner of Arian Zanjan power plant
with a capacity of 546 megawatts.

2- Gostar Jam Energy Company (61.5 percent) owner of Taban Yazd power plants with a capacity of 500
MW and Khoi power plant with a capacity of 350 MW.

3- Damavand Energy Development Company (100 percent) owner of the 100 megawatt solar project in

Kashmar

4- Damavand Green Energy Company (100 percent) owner of the 7 megawatt project of producing

cryptocurrency

Projects under implementation by Niroo Investment Company:

1- Kashmar special economic zone (with an investment amount of 50 million dollars)

2- 100 MW solar power plant in Kashmar (investment amount of 70 million dollars)

3- 7 megawatts solar power plant for cryptocurrency production (investment amount of 6 million
dollars)

4- 50 megawatt wind power plant of Takestan (investment amount of 50 million dollars)

5- Energy Park of 1500 megawatts of combined cycle and renewable power plants (1 billion dollars)

6- Kashmar city sewage project (investment amount of 50 million dollars)

7- Kashmar alloy steel (investment amount of 70 million dollars)

The total investment of the company's projects is about 1.3 billion dollars