Study of Execution Mechanism and Partnership structure of parties involved in investment projects (A case study of a major power plant company)

The aim of this study is investigating the execution mechanism and structure of related parties involved in investment projects. Opting for a qualitative research methodology, we gathered the data using interviews complimented by library research. Initially, the necessity of private sector involvement in the construction of infrastructure projects to achieve Iranʹs 20-year vision plan is elaborated on; then, the fundamentals of investment projects and programs are approached from various aspects. After that, we introduce Farab Company along with both its under-constructing and its completed Engineering Procurement Construction (EPC) projects. The reasons its project type has changed from EPC to investment projects are listed/discussed; plus, its current Build Operate Transfer (BOT) projects is introduced. To understand the company’s execution process of investment project, its organizational structure and parties are scrutinized. Finally, the stages in the execution of investment projects as well as the role of subsidiary companies of Farab in each stage, from beginning to end, are detailed. Findings of this study can present project-based companies with a special structure and mechanism for execution process of investment projects. We conclude that the pattern adapted in Farab Company can be utilized by investment projects professionals in their corporate and / or organizations