On October 18, 2017, Tokyo Electric Power Services Co., Ltd (TEPSCO) and Monenco Iran Consulting Engineers signed a contract of “Master Plan for Developing Environmental Friendly Technologies in Iranian Power sector”. The main purpose of this project is to improve the mutual technical cooperation of the two companies in order to develop technical activities in the field of construction and expansion of power plants and power grid in Iran. In addition to that, study the infrastructure and current status of the network and deliver solutions for development of environmentally friendly technologies for development of Iran's electricity grid with participation of foreign investors, is other aspect of this project.