Monenco Iran Consulting Engineers

What Monenco Iran Consulting Engineers does

Monenco Iran Consulting Engineers is a privately held engineering consulting firm headquartered in Tehran, Iran, established in 1973 as a joint venture between Iranian private investors and Montreal Engineering Company of Canada. Over five decades the firm has built a multi-disciplinary practice spanning electricity generation, transmission and distribution, oil & gas and petrochemicals, mining and metals, urban infrastructure (including water/wastewater, metro, and rail), telecommunications, SCADA and dispatching, and HSE/sustainable development. Its quantified track record includes engineering design for more than 65 GW of power plants, feasibility studies for over 3,800 MW, and project supervision for more than 61,000 MW of generation capacity. Major shareholders include MAPNA Group (Iranian energy conglomerate), Wood Group (international energy services), and Mir Management Consulting Company (employee-owned), with MAPNA simultaneously acting as a principal client and project partner.

The firm's revenue model is project-based professional services delivered through direct consulting engagements, with work sourced via competitive tendering on government utility projects, strategic partnerships with MAPNA Group and similar players, and international invitations. Services span feasibility studies, conceptual/basic/detailed engineering design, procurement engineering, project execution management, and high-level supervision. Internally, the company operates a Research and Technology Group (reorganized from an R&D Office established in 2007) that has built eight AI-enabled tools covering document coding, OCR-based engineering verification, neural-network budgeting, tender classification, industry news monitoring, and HR automation, supported by a 650,000-volume digital library. Operations extend across 14+ countries with a wholly owned subsidiary, Monenco Oman Company, which holds one of only four DCRP licenses in Oman covering power distribution consulting.

Customer concentration is high, with revenue heavily anchored to MAPNA Group, Iranian state-owned power generation and regional electricity companies, and Omani utilities such as OETC. Pricing is custom per project with no publicly disclosed tiers, and the firm maintains a direct enterprise field-sales motion rather than channel-based distribution. Recent strategic activity in 2025 includes the launch of consulting services for Iran's first bioethanol biorefinery, the 600 MW Aftab Sharq solar plant, and commissioning milestones at the Neka and Rudshur combined cycle plants, alongside the renewal of its DCRP license in Oman through April 2028.

Name

Monenco Iran Consulting Engineers

Legal name

Monenco Iran Consulting Engineers

Website

https://monencogroup.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Monenco Iran Consulting Engineers is a Tehran-based, privately held engineering consulting firm serving government utilities and industrial owners across power generation, transmission, oil & gas, mining, and infrastructure sectors in Iran and 14+ countries, with five-decade heritage from its 1973 Canadian joint venture origins.

Ownership category

akta.pro rank

Product category

Engineering Consulting Services

NAICS

Engineering Services (54133), Architectural, Engineering, and Related Services (5413), Management Consulting Services (54161), Environmental Consulting Services (54162), Other Management Consulting Services (541618)

SIC

Services-Engineering Services (8711), Services-Management Consulting Services (8742), Oil & Gas Field Exploration Services (1382), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Energy Systems & Power Engineering Consulting (BPAHAIAG)

akta.pro secondary industries

Industrial & Process Engineering Consulting (BPAHAIAF), Civil & Structural Engineering Consulting (BPAHAIAA), Water, Wastewater & Hydraulics Engineering Consulting (BPAHAIAD), Systems Engineering & Technical Program Management (BPAHAIAI)

Keywords

• Engineering consulting services
• Power plant design
• Transmission distribution engineering
• Oil gas consulting
• Infrastructure engineering

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Engineering Consulting Services: Core revenue stream from providing engineering, consulting, and supervision services in power industries, oil and gas, petrochemicals, metro and railway, telecommunications, dispatching, and SCADA systems. Services include feasibility studies, conceptual/basic/detailed engineering design, procurement engineering, project execution management, and high-level supervision.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Monenco Iran Consulting Engineers provides multi-disciplinary engineering consulting services including feasibility studies, conceptual/basic/detailed engineering design, procurement engineering, project execution management, and high-level supervision for power generation, transmission and distribution, oil and gas, petrochemicals, mining, metro and railway, telecommunications, dispatching, and SCADA systems. The firm serves government utilities, industrial owners, and private sector clients across more than 14 countries, delivering project-based consulting engagements with a focus on the energy and infrastructure sectors.

Product overview

Monenco Iran Consulting Engineers is a comprehensive engineering consulting firm offering multi-disciplinary services through its integrated divisions. The company operates through eight core service areas: Electricity Generation, Transmission and Distribution; Telecommunications, IT, Data & Digital Platforms and AI; Urban Infrastructure, Water/Wastewater and Transportation; Oil, Gas, Petrochemical, Mining and Metals; Sustainable Development and Safety (HSE); Organizational Management Consulting; Economics, Investment and Supply Chain; and Research and Development. The company also maintains a Digital Library and Document Center with over 650,000 digital resources. These services are delivered through specialized divisions including Power Generation, Oil/Gas and Mining, and Infrastructure, supported by an internal R&D group developing AI-powered intelligent systems for document automation, budgeting, knowledge retrieval and tender management. The company was established in 1973 through joint investment with Montreal Engineering Company from Canada and currently counts MAPNA Group, Wood Group and Mir Management Consulting as major shareholders.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Generation, Transmission and Distribution Services
• Telecommunications, IT, Data & Digital Platforms, and AI Services
• Urban Infrastructure, Water and Sewage, Transportation Services
• Oil, Gas, Petrochemical, Mining and Metal Industries Services
• Sustainable Development and Safety (HSE) Services
• Organizational Management Consulting
• Economics, Investment and Supply Chain Services

Quantifiable outcome

• Engineering design of more than 65 GW of power plants
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• Montreal Engineering Company (Monenco) - CanadacoreStrategic or Co-development Partner · 1 January 1973Original joint venture partner from Canada that established Monenco Iran in 1973. Canadian engineers transferred skills, precision, and experience to Iranian professionals, establishing the foundation for power generation engineering expertise.
• MAPNA Group (گروه مپنا)coreStrategic or Co-development PartnerMAPNA Group is the primary strategic shareholder and major client of Monenco Iran. The partnership involves strategic collaboration on power plant projects, renewable energy developments, and engineering consulting services. Monenco serves as the specialized engineering arm for MAPNA Group's power sector activities.
• Wood GroupcoreStrategic or Co-development PartnerWood Group is a major shareholder in Monenco Iran Consulting Engineers. The partnership provides access to international engineering expertise and global best practices in the energy sector.
• Mir Management Consulting Company (شرکت مشاوره مدیریت میر)coreStrategic or Co-development PartnerEmployee-owned management consulting company that is a major shareholder of Monenco Iran. Ensures alignment of employee interests with company growth.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Tractebel: Engineering consulting arm of ENGIE, Tractebel offers power generation, transmission, and energy infrastructure consulting globally. Headquartered in Belgium with deep expertise in thermal, renewables, and grid projects - the closest direct functional peer to Monenco's power-sector services in Europe, Middle East, and Africa.
• Worley: Global engineering and project delivery firm focused on energy, chemicals, and resources. Provides consulting, design, and supervision services for power plants, transmission, and oil & gas projects internationally - directly comparable to Monenco's multi-vertical project consulting model.
• Black & Veatch: Employee-owned engineering, procurement, and construction firm specializing in power generation, transmission, and water infrastructure. Sectors of focus (thermal and renewable power, T&D, safety services) closely mirror Monenco's primary service lines.

Broad incumbents

• AtkinsRéalis: Global engineering and project management firm (formerly SNC-Lavalin) with deep power, nuclear, and infrastructure consulting heritage in Canada and worldwide. Comparable multi-vertical engineering services with similar business model of design, supervision, and project management.
• Mott MacDonald: UK-headquartered engineering consultancy providing design, advisory, and project management across power, transportation, oil & gas, and water sectors. Comparable breadth and delivery model of multidisciplinary engineering consulting serving government and industrial clients globally.
• WSP Global: Canada-based professional services consultancy offering engineering, design, and project management across power, infrastructure, environment, and transportation. Competes for similar power and infrastructure mandates though with broader geographic and end-market diversification.
• AFRY: European engineering, consulting, and design firm with significant power generation, transmission, and industrial process expertise. Multi-disciplinary service portfolio and project-based revenue model comparable to Monenco's structure.
• Egis: France-based engineering group operating across infrastructure, energy, urban development, and environmental services. Comparable consulting-and-engineering delivery model serving government clients in Europe, Middle East, Africa, and beyond.

Regional players

• Khatib & Alami: Middle East-focused engineering consultancy headquartered in Lebanon with strong presence in Gulf, Iraq, and wider MENA. Provides power, oil & gas, infrastructure, and environmental consulting - regional analogue to Monenco with similar client profile of utilities and industrial owners.
• Dar Al-Handasah: Major Middle East engineering consultancy with regional power, infrastructure, and oil & gas projects across the Gulf and beyond. Comparable in scale and depth as a regional multi-disciplinary engineering consulting competitor for government and industrial clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/monencogroup
• LinkedInlinkedin.com/company/monenco

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monenco Iran Consulting Engineers