In 2018 the U.S. state of Iowa listed Power Construction Corporation of China as an Iran restricted company rendering Power Construction Corporation of China ineligible for investment and/or state contracting.
“Iran says a major Chinese infrastructure company is studying the prospects of investing in its water and electricity development projects. Media reports say a top-level executive team from PowerChina is currently in Tehran to meet the related officials to discuss potential areas of investments. The Chinese team on Monday visited Iran's Energy Ministry and voiced interest to take up projects in the country, Tasnim news agency reported. Officials at the Ministry also emphasized that Tehran is interested in cooperating with PowerChina, the report added. Alireza Daemi, the deputy energy minister for planning affairs, told Tasnim that Iran is specifically interested in cooperating with the Chinese company in constructions of dams, using renewable energies, building combined-cycle power plants, and the development of hydropower projects. All these projects, Daemi added, will be carried out with PowerChina through a scheme known as engineering, procurement and construction (EPC)." (Press TV, "Chinese firm studying Iran power projects," 5/12/15)