Monenco Iran
| [[File:Monenco-iran-logo.jpeg logo-size = 200px|frameless]] | |
| public | |
| Traded as | Mapna group:[1] wood group:[2] |
| ISIN | 🆔 |
| Industry | Consulting Engineer , Power Generation, Oil & Gas, Railway Transportation, Scada, Telecommunication |
| Founded 📆 | 1973 |
| Founder 👔 | Danesh Rajaee |
| Headquarters 🏙️ | Tehran, Iran |
Area served 🗺️ | |
Key people | Alireza Shirani CEO |
| Products 📟 | Infrastructure and Urban planning;Energy;[1][2] Power generation technology, industrial and buildings automation, medical technology, railway vehicles, water treatment systems |
| Revenue🤑 |  US$289 Million (2021)[3] |
| Members | |
Number of employees | 1100 (2021) |
| Divisions | Power Oil & Gas Infrastructure Feasibility Study |
| 🌐 Website | www.monencogroup.com |
| 📇 Address | |
| 📞 telephone | |
website = monencogroup
History[edit]
[edit]
Montreal Engineering Company Ltd. a Canadian engineering services company, was founded in 1907 by three staff members of a department of the Royal Securities Corporation used to operate in the energy and infrastructure utilities area. After 1964 the company diversified from its core electrical power business and in 1969 it became a public company and renamed to Monenco Inc.[5]
In 1992 Monenco Inc. was acquired by AGRA Inc. an international Canadian-based professional services group specializing in engineering, construction, environmental and technology solutions. Consequently, Monenco Inc. was renamed to AGRA Monenco.[6]
In 1973, a private sector of Iran and Agra Monenco formed Monenco Iran rendering consultancy and engineering services focusing on the Iran electricity industry.[7]
In 1980 Monenco Iran established Ghods Niroo and terminated its cooperation with Monenco Agra.[7]
In 1991 Monenco Iran started over its activities by partnership of the Government of Iran and Monenco Agra.[7]
In 1997 the government's share of Monenco Iran was acquired by MAPNA, whilst AGRA Monenco’s share was passed to AMEC in 2000 then Amec Foster wheeler in 2014 and at last Wood Group in 2017.[8] [9] [10] [11]
MAPNA Group is a group of Iranian companies involved in development and execution of thermal and renewable power plants, oil & gas, railway transportation and other industrial projects as well as manufacturing main equipment including gas and steam turbines, electrical generator, turbine blade and vane, HRSG and conventional boilers, electric and control systems, gas compressor, locomotive and other pertinent equipment.[8]
In 2004, MIR Management Consultancy Company (Monenco employees’ share) was formed as one of the main shareholders of Monenco Iran rendering consultancy services through the following business areas; Management Consultancy, Information and Communication Technology (ICT), General and Professional Training Services.[12]
For the time being, the main shareholders of Monenco Iran are Mapna Group, Wood Group and MIR Management Consultancy Company.[13]
In 2010, Monenco Consulting Engineers (MCE) [14] in Oman was established as a hub in the Middle East to better manage and supervise the projects awarded in the region. [7]
In 2011, Monenco Engineering Limited (MEL) was registered in Nigeria and in 2016 Monenco Germany in Germany which led Monenco to grow its market penetration in the CIS, Africa and European markets. [7]
In 2012, Monenco was successful to enter into Bangladesh oil & gas market and was successful to expand its business lines into electricity industry. [7]
In 2019, Monenco registered two branches in Kyrgyzstan and Tajikistan predominantly with regard to CASA 1000 project. This mega project is about a new electricity transmission system connecting Kyrgyzstan and Tajikistan to Afghanistan and Pakistan. This system will help make the most efficient use of clean hydropower resources in the Central Asian countries by enabling them to transfer and sell their electricity surplus during the summer months to the deficient countries in South Asia.[15]
Operation[edit]
Overview[edit]
Locally, Monenco operates through its regional offices in 6 major cities including Kermanshah, Isfahan, Shiraz, Ahvaz, Bushehr and Urmia and technical offices all over the country.[16] Internationally, Monenco has established 3 registered companies in Germany, Oman and Nigeria, 2 subsidiaries in Kyrgyzstan and Tajikistan and 2 representatives in Canada and Bangladesh. [16]
In 2012, Monenco was ranked as one of the top 200 consulting firms in the world by ENR and in 2018 ranked among the 400 giant companies in Iran by IMI-100.[17] In 2017, Monenco was awarded for being the “Exemplary Exporter” of the country among the top ranking exporting companies in Iran from Ministry of Industry, Mine and Trade. Also, the prize for the best Consulting Engineer in ICT sector in the field of exporting Knowledge based services was awarded to Monenco by Iran ministry of Telecommunication and information.[18] [19]
In 2019, Monenco Iran was awarded for being the “Exemplary Exporter” of Tehran Province from Ministry of Industry, Mine and Trade.[20]
Also, same year, Monenco Iran has been successfully registered as a Knowledge based company (type 2) by Vice President of Science and Technology.[21]
In 2020, Monenco Iran has become an Affiliate Member of International Federation of Consulting Engineers (FIDIC) as the only Iranian affiliated company based on its valuable experiences domestically and internationally appointed by the FIDIC Board.[22]
Services & Key Sectors[edit]
According to 2019 annual report [16], Monenco Iran by having more than 1000 skilled and experienced professionals worldwide as well as the use of modern tools and technologies has been successful to render engineering and consultancy services to over 260 clients globally.
According to its website [23], following are Monenco Iran main key sectors;
- Power Generation
- Power Transmission Lines and Distribution Network
- High-Voltage Substations
- Water and Wastewater
- SCADA and Dispatching
- Information and Communication Technology (ICT)
- Smart Solutions
- System and Energy Studies
- Oil, Gas and Petrochemical
- Mining and Metal Industry
- Architecture, Industrial, Commercial and Healthcare Buildings
- Metro and Railways
- Airports
- Management Consultancy
Research and Development[edit]
Since 2007, Monenco has been focusing on research and development in order to keep pace with modern technologies and technical knowledge based on the current and future needs of different industries mainly electricity, energy and water. [16] Following are the main purpose of Monenco:
- Increasing efficiency, reliability and productivity
- know-how transfer
- Using proper resources
Below are some of the most significant projects Monenco has been involved:[24]
- Designing Test Rig for 25 MW Gas Turbine and Centrifugal Compressor
- Study of Desalination Opportunities in South Coast (Persian Gulf and Oman Sea) of Iran
- Feasibility Study of Methane Collecting System
- Inlet Air Cooling Technology for Gas Turbine Power Plants in Iran
- Technical and Financial Study of Replacing Yazd CSP (Parabolic Through) with a PV Power Plant
- Study of Water Spray on Inlet Air of ACC Cooling Systems
- Case Study of Compressed Air Energy Storage in Iran
- Steam Manifold Modification of a Combined Cycle Power Plant in Iran
Corporate Social Responsibility[edit]
Monenco Iran has been successfully active in pursuing (CSR) opportunities based on Monenco Iran corporate social responsibility strategies.[16] Some of the major activities are as described below;
- Since 2007, Monenco Iran has provided over 300 technical reports which in 2018 developed an application called “Monenco Insight” that includes all the technical reports.
- Since 2017, Monenco Iran as the secretariat of Cigre Iran, is responsible to promote Cigre in Iran.
- Since 2017, Monenco Iran has been allocating scholarships to university students
In addition, in respect of environmental aspects, while Monenco Iran has focused on its dispersed generation business line, has carried out studies and analysis on climate change, society, technology and resources. Some of the major fields that Monenco has been involved are as follow;
- Heavy Fuel Oil (HFO) treatment system
- Green climate
- Bio-ethanol production
- Heat recovery and energy efficiency
- CO2 reduction
- Renewable energies
- Smart cities
- Transportation projects
- Mineral Processing
Geographical Expansion[edit]
Monenco, with nearly half a century experience, has been involved in more than 400 ongoing domestic projects which means 30% of the country's construction projects as well as 65 international projects in 17 countries including Germany, France, Austria, Japan, South Korea, Oman, Syria, Iraq, India, Kyrgyzstan, Tajikistan, Bangladesh, Nigeria, Zambia, Kenya, Azerbaijan and Russia. [16]
Senior Management[edit]
- Danesh Rejaie; Founder and the First Managing Director - 1973 To 1980)
- Mohammad Ali Shokrallahi; 1991 To 1994
- Seyed Mohammad Sadr Alsadat; 1994 To 1999
- Ali Asghar Mosavari; 1999 To 2000
- Naser Shakibi; 2000 To 2007
- Alireza Shirani; 2007 To Present
References[edit]
- ↑ {{cite web|url = https://www.ctc-n.org/about-ctcn/network-members/monenco-iran
- ↑ {{cite web|url = https://lobbycanada.gc.ca/app/secure/ocl/lrs/do/vwRg?cno=12649®Id=
- ↑ https://codal.ir/Reports/Decision.aspx?LetterSerial=lSc6jSD7YyMi97Z0f8QQQaQQQEbg%3D%3D&rt=0&let=6&ct=0&ft=-1&sheetId=1=https://web.archive.org/web/20180612140406/http://imi100.imi.ir/Pages/RankingFirst100.aspx. Missing or empty
|title=(help) - ↑ "Monenco Iran Consulting Engineers".
- ↑ "Montreal Engineering Company".
- ↑ "AGRA Monenco Inc".
- ↑ 7.0 7.1 7.2 7.3 7.4 7.5 "Monenco Iran History".
- ↑ 8.0 8.1 "MAPNA Group, Acquisition of Monenco Iran by MAPNA".
- ↑ "Wood Group agrees takeover of rival Amec Foster Wheeler".
- ↑ "AMEC and AGRA agree to merge".
- ↑ "Amec agrees to buy Foster Wheeler for $3 billion".
- ↑ "Mir Management Consultancy Company".
- ↑ "Monenco Iran Shareholders".
- ↑ "Monenco Consulting Engineers".
- ↑ "Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000)".
- ↑ 16.0 16.1 16.2 16.3 16.4 16.5 "Monenco Iran Annual Report 2019" (PDF).
- ↑ "ENR, The Top 200 International Design Firms" (PDF).
- ↑ "Monenco Iran as an Exemplary Exporters". Iran Trade Promotion Organization.
- ↑ "Monenco Iran Ranked 1st in ICT Sector by Iran Ministry of Telecommunication and Information".
- ↑ "Monenco Iran Consulting Engineers was awarded as "Exemplary Exporter of Tehran Province"".
- ↑ "Monenco Iran has been registered as a knowledge-based type 2 (Industrial) Company".
- ↑ "Monenco Iran has become a Affiliate Member of FIDIC".
- ↑ "Monenco Iran Target Markets".
- ↑ "Monenco Iran Research and Development (R&D)".
- ↑ "Former Managing Directors".
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