MAPNA Group officially acquired Wagon Pars rolling stock manufacturing company (WPCO) and its subsidiaries on December 16, 2020, after the group signed a contract with the Industrial Development & Renovation Organization of Iran (IDRO) – WPCO’s previous owner.

With the recent market price trends for natural gas and collective efforts toward more eco-friendly strategies, cycle efficiency has become even more appealing for baseload and cycling generation. Combined cycle power plants have gained a traction in global markets, claiming a significant portion of the total power generation portfolio over the past years.