Farab Group
Farab Group is an Iranian EPC contractor founded in 1992, delivering hydropower, thermal, solar, oil and gas, water, rail, and smart grid infrastructure projects to government and state-owned clients across Iran and six other countries through 15+ specialized subsidiaries and BOO/BOOT investment models.
- Company typePrivate
- Founded1992
- HeadquartersTehran, Iran
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Farab Group does
Farab Group monetizes through a hybrid revenue model combining one-time EPC contracts, Build-Own-Operate (BOO) and Build-Own-Operate-Transfer (BOOT) long-duration power generation investments (Sangtuda 2 in Tajikistan, Dalahoo and Yazd/Islamabad in Iran), equipment manufacturing and installation services, and ongoing operations and maintenance contracts on six power plants (five domestic, one international). Customers are almost exclusively government and state-owned enterprises — Iranian ministries and utilities (Tavanir, SUNIR, regional water and electricity distribution companies, Pars Oil and Gas, Persian Gulf Star Refinery), municipal governments (Tehran Districts 12 and 17), and sovereign international clients (Barki Tojik, Government of Sri Lanka, Kurdistan Region of Iraq Ministry of Electricity, KenGen) — acquired through competitive bidding, direct negotiation, and international tender processes under non-transparent government contract pricing with guaranteed offtake for BOO output. The company's go-to-market is enterprise field sales supported by participation in major Iranian industry exhibitions and corporate communications via Farab Magazine. Strategic positioning centers on vertical integration from design and equipment manufacturing through long-term operations, technical differentiation through record-setting engineering (618 m vertical shaft, 15,300 m TBM tunnel), domestic localization (49% of Dalahoo equipment manufactured in Iran), and export of engineering services (Iran ranked among top three exporting countries for engineering services globally).
Farab Group firmographics
Firmographics- Name
- Farab Group
- Legal name
- Farab Group (شرکت فراب)
- Website
- https://farab.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Farab Group is an Iranian EPC contractor founded in 1992, delivering hydropower, thermal, solar, oil and gas, water, rail, and smart grid infrastructure projects to government and state-owned clients across Iran and six other countries through 15+ specialized subsidiaries and BOO/BOOT investment models.
- Ownership category
- akta.pro rank
Farab Group industry classification
Industry- Product category
- Infrastructure Engineering, Procurement and Construction (EPC) Services
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132), Pump and Compressor Manufacturing (33391)
- SIC
- Oil & Gas Field Services, Nec (1389), General Industrial Machinery & Equipment (3560)
- akta.pro primary industry
- Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)
- akta.pro secondary industries
- Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC)
Keywords
Where Farab Group is headquartered
LocationHeadquarters
- HQ city
- Tehran
- HQ country
- Iran
- HQ region
- Middle East
Offices15 records
Markets served
Farab Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D
Revenue model
- EPC Contracts: Farab Group primarily generates revenue through Engineering, Procurement, and Construction (EPC) contracts for infrastructure projects. The company acts as a general contractor executing hydropower plants, thermal power plants, oil and gas facilities, water treatment plants, and rail transit systems for government and private clients. Revenue is project-based and recognized over construction periods.
- BOO/BOOT Projects: The company invests in Build-Own-Operate (BOO) and Build-Own-Operate-Transfer (BOOT) power generation projects, earning returns through electricity production and sales. Examples include Sangtuda 2 in Tajikistan and Dalahoo power plant in Iran.
- Equipment Manufacturing and Installation: Subsidiaries manufacture and install electromechanical and hydromechanical equipment for power plants, generating revenue through equipment supply and installation services.
- Operations and Maintenance Services: The Operations and Maintenance subsidiary provides O&M services for power plants, managing 5 power plants in Iran and 1 in another country.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Farab Group product offering
Product offeringCore offering
Farab Group is a general contractor delivering full-scope Engineering, Procurement, and Construction (EPC) services for large-scale infrastructure, focused on hydroelectric, thermal/combined-cycle, and solar power generation, oil/gas/petrochemical facilities, water treatment and desalination, and urban rail/metro systems. It supplements EPC delivery with equipment manufacturing through Farab Equipment Manufacturing, operations and maintenance for 5 domestic and 1 international power plant, and long-term BOO/BOOT power project investments. Its customers are governments, state-owned utilities, and municipal authorities in Iran, Tajikistan, Kenya, Iraq, and Sri Lanka.
Product overview
Farab Group is a comprehensive engineering services conglomerate operating across seven core business domains: hydroelectric power plants (where it pioneered domestic expertise in Iran), thermal and combined-cycle power generation, solar photovoltaic plants, oil/gas/petrochemical facilities, water and desalination systems, rail transit infrastructure, and smart grid technologies. The company operates through specialized subsidiaries including Farab Equipment Manufacturing (hydro-mechanical equipment), Farab Construction and Installation (civil and mechanical works), and Nardis Energy Projects (oil and gas), providing full EPC capability from design through commissioning. Its flagship international project is the Uma Oya multipurpose development in Sri Lanka—a 120 MW hydroelectric complex with dams and tunnels. The group also offers operations and maintenance services for power plants, managing 5 domestic and 1 international facility. With over 15 specialized companies, Farab delivers integrated engineering solutions across Iran's power and water sectors and exports services to 6 countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Hydroelectric Power Plants (نیروگاههای آبی) Design, construction, and management of hydroelectric power plants including dams, water conveyance tunnels, and underground powerhouses. Delivered for Iranian government utilities (e.g., SUNIR, regional water companies) and foreign governments (Sri Lanka, Tajikistan, Kenya, Iraq). Major reference projects include Karoun 3, Gotvand, Karoun 4, Siah Bisheh, and Uma Oya (Sri Lanka).
- Thermal and Combined-Cycle Power Plants (نیروگاههای حرارتی و سیکل ترکیبی) EPC construction of thermal and combined-cycle power plants including gas turbines, steam turbines, and heat recovery steam generators (HRSG). Reference projects include Dalahoo 910 MW (with 57% efficiency using Class F turbines and 49% domestic equipment content), Tehran 2 Combined Cycle 930 MW (BOO with Tavanir), South Pars Steam Turbine Power Plant (Block 1, 2, 3), Shirkouh Combined Cycle, and Ilam Gas Turbine Power Plant.
- Solar Power Plants (نیروگاههای خورشیدی) Design and construction of solar photovoltaic power plants ranging from 12 kW to 135 kW for municipalities and government buildings, including Tehran Districts 12 (135 kW) and 17 (40 kW), Gachsaran Oil/Gas/Petrochemical Faculty (50 kW), Golestan Province Electricity Distribution (12 kW), and Hamedan Province Gas Company (20 kW).
- Oil, Gas and Petrochemical (نفت، گاز و پتروشیمی) Upstream and downstream EPC services in the oil, gas, and petrochemical sectors covering gas compressor stations, pipelines, refineries, petrochemical complexes, offshore platform renovation, storage and metering stations, and utility/process units. Farab has delivered 15 upstream and downstream EPC projects in this sector since 1384, including work for Pars Oil and Gas Company (South Pars phases 13, 22-24) and Persian Gulf Star Refinery (Qods).
- Water and Desalination (آب و آبشیرینکن) Seawater desalination plants, water treatment facilities, and water conveyance systems. Reference projects include Bandar Abbas desalination (100,000 m³/day), South Pars Steam Turbine Power Plant desalination (8,000 m³/day), Oman Sea water supply to eastern Iran, and Kish Island North Wastewater Treatment Plant expansion (Module 4).
- Rail Industries (صنایع ریلی) EPC services for urban rail and metro systems including signaling, power supply, and rolling stock procurement. Reference projects include Tehran Metro Line 7 (26 km, 22 stations), Tehran Metro Line 8, Qom Metro Line A (14 km, 14 stations), and Mashhad Metro Line 2 (14.4 km underground, 13 stations).
- Civil Engineering (ساختمان و عمران) Large-scale civil construction including dams, tunnels, roads, and buildings, with specialized capabilities in complex civil works for infrastructure projects.
- Smart Grids (شبکههای هوشمند) Smart electricity metering and grid management systems, including the Faham project with 2000x2 intelligent measurement points piloted in Zanjan and Bushehr provinces and now in operational phase.
- Operations and Maintenance (بهرهبرداری و نگهداری) Operation, maintenance, and repair services for power plants, delivered through Farab Operations and Maintenance Company. Currently manages 5 power plants in Iran and 1 international power plant.
- Engineering and Design Services (طراحی و مهندسی) Basic and detailed engineering services for infrastructure projects, creating optimized engineering teams that combine Farab's skills and experience with client requirements across power, oil/gas/petrochemical, water, rail, and civil projects.
- Uma Oya Multipurpose Development Project Flagship multipurpose development project in Sri Lanka comprising two dams, a 15.3 km water transfer tunnel, and a 120 MW underground hydroelectric power plant with two 60 MW Pelton turbine units at 750 m depth. Delivered to the Government of Sri Lanka; transfers 145 million m³/year of water to drought-prone regions serving 5,000 hectares of agricultural land and generates 290 GWh/year of electricity.
Quantifiable outcome
- Dalahoo power plant achieves 57% efficiency with Class F gas turbines
- +4 more outcomes
Companies that use Farab Group
Customer profileNamed customers18 records
Segments5 records
Ideal customer profiles2 records
Farab Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Farab Group partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- Hara Institute (Subsidiary of Khatam al-Anbiya Construction Headquarters)minorEPC contractor for equipment and rolling stock supply on Qom Metro Line A project. Farab serves as subcontractor for equipment supply under main contractor.
- Kurdistan Regional Government - Iraq (Ministry of Electricity)coreDeralok 2 Dam and 37.6 MW Hydro Power Plant in Duhok Province, Iraq. Partnership between Farab and Bolandpayeh consortium. Project awarded July 2015, completed 2015.
- Regen Terem SHPP LimitedcoreTerem 5.2 MW Hydro Power Plant in Bungoma, Kenya. Farab provided electromechanical and hydromechanical equipment, civil works, installation and commissioning. Third Farab project in Kenya.
- Kenya Electricity Generating Company (KenGen)coreTana Hydropower Plant Renovation - 25 MW rehabilitation project in Kenya. Farab supplied electromechanical and hydromechanical equipment.
- Government of Sri LankacoreUma Oya Multipurpose Development Project - design, construction, and operation of 2 dams, 15.3 km water transfer tunnel, and 120 MW underground hydroelectric power plant. Project started March 2010, completed April 2024. Includes transfer of 145 million cubic meters water annually to drought-prone regions and 290 GWh/year electricity generation.
- Tajikistan Government / Barki TojikcoreBOOT agreement for Sangtuda 2 Dam and 220 MW Hydro Power Plant in Khatlon Province, Tajikistan. Farab invested in construction, owns, and operates the plant with power sold to Tajik grid under long-term agreement. Project started March 2010, completed 2012.
Scale indicators14 records
Recent moves8 records
Expansion highlights6 records
Farab Group competitors and assessment
Company assessmentDirect peers
- SUNIR (Société Unie d'Ingénierie et de Réalisation): Iranian hydropower and thermal EPC firm (originally a Tractebel joint venture) that acts as both client (via Iran Water & Power Resources Development Co. linkages) and competitor. Direct overlap on Karoun-class dam and hydropower projects and engineering consulting services.
- Khatam al-Anbiya Construction Headquarters: Iranian IRGC-owned EPC conglomerate executing mega-projects across power, oil & gas, and infrastructure. Farab has even worked as subcontractor to its Hara Institute subsidiary on Qom Metro. Comparable scale, project types, and government-client base in the Iranian EPC market.
- Moshanir Power Engineering Services: Iranian engineering consultancy and EPC contractor focused on power generation and T&D. Comparable in serving Tavanir and SUNIR, with overlapping scope in thermal, hydro, and grid projects; smaller scale than Farab but direct bidding competitor on government tenders.
- MAPNA Group: Iran's largest private power generation EPC conglomerate with combined-cycle, gas turbine, and renewable capabilities. Directly comparable to Farab on domestic Iranian EPC competition, MAPNA also builds and operates power plants via subsidiaries, and is Farab's primary domestic rival for Tavanir, SUNIR, and NDF-funded mandates.
Broad incumbents
- Voith Hydro: German-headquartered hydropower equipment and services company, with full EPC capabilities for large hydro plants. Comparable to Farab in installed base of hydro turbines and project services for utilities globally.
- GE Vernova: US-headquartered power generation OEM and services provider spanning gas, steam, hydro, wind, and grid. Overlap with Farab on combined-cycle gas turbines (Dalahoo's 57%-efficient Class F units), HRSG, and balance-of-plant scopes for thermal EPC.
- Siemens Energy: Global power generation EPC and OEM covering gas turbines, steam turbines, HRSG, and grid technology. Direct competitor to Farab's combined-cycle and thermal EPC scope; potential technology partner if Iranian engagement resumes.
- Larsen & Toubro (L&T) Construction: Indian EPC conglomerate with large power T&D, hydro, and thermal power plant execution capabilities across the Middle East, Africa, and South Asia. Comparable international project profile and government-client base, with broader scale across hydrocarbon and infrastructure verticals.
- Andritz AG: Global market leader in hydropower turbomachinery (Pelton, Francis, Kaplan turbines) and a major EPC contractor for hydro plants. Farab uses Andritz-class turbines at 750m depths at Uma Oya; overlap is on equipment supply and turnkey hydro delivery worldwide.
- Power Construction Corporation of China (PowerChina): China's largest state-owned international EPC contractor, dominant in hydro, thermal, and T&D across Africa, South Asia, and Central Asia. Competes head-to-head with Farab in target export markets like Kenya, Sri Lanka, and Tajikistan, with a structural cost-of-capital advantage via concessional financing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Farab Group social profiles
Digital presenceFarab Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Farab Group leadership team
Management profileNumber of profiles
Profiles1 record
Farab Group subsidiaries and ownership
Company hierarchySubsidiaries9 records
Farab Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Farab Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Farab Group
What does Farab Group do?
Farab Group is a general contractor delivering full-scope Engineering, Procurement, and Construction (EPC) services for large-scale infrastructure, focused on hydroelectric, thermal/combined-cycle, and solar power generation, oil/gas/petrochemical facilities, water treatment and desalination, and urban rail/metro systems. It supplements EPC delivery with equipment manufacturing through Farab Equipment Manufacturing, operations and maintenance for 5 domestic and 1 international power plant, and long-term BOO/BOOT power project investments. Its customers are governments, state-owned utilities, and municipal authorities in Iran, Tajikistan, Kenya, Iraq, and Sri Lanka.
Is Farab Group a public or private company?
Farab Group is a private company. It is classified as unknown and is currently operating.
When was Farab Group founded?
Farab Group was founded in 1992. It employs 1,001 to 5,000 people.
Where is Farab Group based?
Farab Group is headquartered in Tehran, Iran, in the Middle East region.
How does Farab Group make money?
Four revenue lines are on record. EPC Contracts are the primary driver. The others are BOO/BOOT Projects, equipment Manufacturing and Installation and operations and Maintenance Services.
Who are Farab Group's main competitors?
Direct peers on record are SUNIR (Société Unie d'Ingénierie et de Réalisation), Khatam al-Anbiya Construction Headquarters, Moshanir Power Engineering Services and MAPNA Group. Broad incumbents are Voith Hydro, GE Vernova, Siemens Energy, Larsen & Toubro (L&T) Construction, Andritz AG and Power Construction Corporation of China (PowerChina).
Does Farab Group have an API?
No public API is recorded for Farab Group.
What industry is Farab Group in?
Farab Group's product category is Infrastructure Engineering, Procurement and Construction (EPC) Services. Its primary akta.pro industry code is EUAEAAAL, Balance-of-Plant (BOP) & Civil Works for Power Plants, with a secondary code of EUAEADAA, Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations). Its NAICS code is 333132 and its SIC code is 1389.