Domestic Development Global Attitude

Who We Are and What We Do... Who We Are and What We Do

We are a large industrial family including MAPNA Group as the parent enterprise and 41 subsidiaries and affiliates active in ’s industry since 1993. Ever since, we have been constantly developing our special services, products, and solutions through a knowledge-based and futuristic strategy which along with gaining local and international customer satisfaction and trust, has led us towards playing an efficient role in bringing welfare to our stakeholders. Committed to strength of domestic economy and focused on manufacture as well as offering a diverse range of services, our perspective is to become the reference industrial group in energy and rail transportation divisions in the upcoming years.

Engineering, execution and development of thermal power plants, cogenerations plants and combined heat and power plants (CHP plants), cogeneration for power and desalination facilities, and manufacturing renewable energy power plants, along with a wide range of products, services and solutions, are some of our capabilities in power division.

On the other hand, engineering, manufacturing, and development of oil & gas projects in land and offshore as well as rail transportation are among other capabilities of our company. Investment and financing projects performed under various contract schemes facilitate and complete our capabilities in providing customer services to our numerous local and international customers.

Our ultimate goal is to have a positive impact on people’s general quality of life: looking at our very unique role in lighting homes, launching factories, and making energy access easier and broader, our satisfaction is the result of dedication by the entire MAPNA family.

Where Do We Stand and What Horizons Are Ahead?

Since its inception, MAPNA Group has been successfully involved in more than 100 major projects valuing over € 30 billion. In addition to achieving numerous honors and awards, MAPNA Group boasts a fifty percent share in generation of Iran’s power capacity and also effective contribution in developing oil & gas projects and rail transportation of the country, relying on quality and competitive price of its products and services. MAPNA has had an efficient and active participation in markets across the Middle East, North of Africa, and Southeast Asia.

And this trend is to be continued in MAPNA.

Wherever you begin, ultimately you have to find yourself within the light of a reading lamp that a hardworking student is studying under, the heat of gas heater warming a family in a remote mountainous region, and the smile of passengers boarding on train to visit their loved ones.

We are determined to become a reference industrial group in two domains of energy and rail transportation in near future. That is how we wish to embody our intrinsic values -customer orientation, innovation, excellence, safety, responsibility and ethics; and play a multi-dimensional role constructor, investor, executor, developer, and service provider.

New Businesses

Innovation, from the very first days of MAPNA, has been one of our intrinsic values. What we have achieved so far is the result of perpetual exploration of new paths and creating new chances. Thus, new opportunities are always welcome in MAPNA Group since they foster development of our range of services. MAPNA’s involvement in the strategic fields of manufacturing medical equipment and developing telecom infrastructures with the goal of localizing associated technologies would be the big step forward in business development. All for One

Talking about a growing conglomerate such as MAPNA would not only be impossible but also insufficient without pointing at its managers, experts, skilled workers, and partners who have made the most difficult projects feasible through their valuable characteristics. In MAPNA, work and life are quite balanced making the company achieve the most prestigious national trophies for human resource excellence.

We have developed systematic steps to handpick, motivate, and collaborate with the best human resources in various organizational positions. Bright minds are always welcome in MAPNA. Now, in less than three decades, more than fourteen-thousand of the most capable Iranian human power are working in MAPNA. Their enthusiasm and sense of belonging to the organization represents a deep unity and integration inside the beating heart of Iran’s industry. Along with this valuable solidarity, customers are acknowledged as the most rightful stakeholders in MAPNA’s business as the company’s ultimate goal is to gain their satisfaction and protect their rights. Therefore, the entire family of MAPNA adheres to the organization’s ethical responsibilities in respecting all material and intellectual rights of their customers in all professional aspects. Research and Development: Knowledge-based Progress

Just like a university, the fundamentals of organizational culture in MAPNA have always had their roots in continuous improvement of science and technology from the very first days up to now. Expanding activities and capabilities, past and present managers of this huge conglomerate have established an organized and integrated roadmap to drive, synchronize, and maintain all knowledge-based achievements, experiences, and efforts based on a deep understanding of the current state of affairs.

Creation and constant improvement of infrastructures and process of research and development have led to creation of sustainable and comprehensive added value for all customers as well as progressively better quality and quantity of products, services, and solutions. MAPNA cares about customers’ feedbacks and suggestions and takes this interaction as an opportunity to raise the knowledge-based spirit of its business and to meet the customers’ key demands.

Above all, the ultimate beneficiaries are always those people who would feel tangible impacts of development on their lives. Based on this guideline, the most important topics of research and development in MAPNA have been determined as below:

• Reducing operations & maintenance costs

• Reducing manufacturing costs

• Reducing emissions

• Identifying and responding to market demands

• Increasing productivity

• Increasing production and manufacturing capacity

• Design and manufacture of water power cogeneration systems

Social Responsibility

MAPNA acknowledges that social responsibility brings along mutual benefits; it builds a more solid ethical practice within the organization as well as benefiting the external stakeholders including society and environment.

We have developed a multi-faceted prism in order to fulfill our social responsibilities. Investment in projects which are based on clean development mechanism (CDM), and developing solutions based on renewable energies have been on our agenda. Cogenerating power and fresh water, developing distributed units, and converting thermal power plants into combined cycle power plants are a small part of our serious efforts to achieve goals defined in our social responsibility charter.

While observing environmental values and indicators of H.S.E, MAPNA family is making efforts to sustain and improve efficiency of its products, services, and solutions through cooperation with international companies in possession of relevant technologies. In the meantime, following our deep belief in bringing satisfaction to various social groups including community activists, suppliers, partners, owners, media representatives, and above all, customers, an efficient structure has been developed for regular assessment of stakeholders’ satisfaction and to analyze these assessments properly.

Excellence: Present and Future

Our strict commitment to comprehensive excellence in both terms of quality and quantity has brought the company significant achievements. Winning the title of “Pioneer Holding” from Top Holdings’ Evaluation Committee, achieving the first rank among all Iranian contractors in Industrial Management Organization assessments and evaluations, and being ranked 28th among one hundred top Iranian companies in terms of sales value in 2014, are just a part of our honors and achievements. Several agreements with well-known international companies to exchange technical knowledge, project management, and establishing joint ventures are among other indicators of our great commitment to constant improvement of MAPNA Group’s products and services.

Future horizons becomes clear when systematic strategies direct alignment and synergy between potential and active organizational capabilities. Possessing the knowledge and ability required for sustainable and powerful presence in new markets and emerging fields, Thus, we have contemplated thorough plans to develop new businesses which will be unveiled in near future.

Milestones

Execution of +100 projects with an aggregate value of 30 billion euros

Top 100 of Middle East companies according to MEED report

Leading general contractor according to Industrial Management Institute (IMI) report

Active bidder in international tenders in Syria, Iraq, Lebanon, Algeria, Malaysia, Oman, Pakistan, and Indonesia Holder of national record for the fastest complete overhaul operation (36 days for one gas-fueled unit in South Isfahan Power Plant)

Top brand in the 1st national assessment of Iranian brands

Winner of the human resource excellence award in 2010

Executor of more than 60 thousand megawatts of domestic and international power projects (synchronized, under construction and under negotiation)

Executor of power projects in Oman, Iraq, Syria and Indonesia

Power Industry in MAPNA Power Industry

MAPNA is the first and largest general contractor of power plants in Iran and the Middle-East. Relying on Iranian expertise, it now plays the leading role in generation of fifty thousand megawatts of electricity, of which five thousand megawatts are generated in other countries.

Along with strategic capabilities in executing turnkey (EPC) power plant projects and producing and providing power plant equipment, MAPNA presents diversified services and solutions to meet customers’ major demands. Our services in power division cover a wide range in operation, repair, maintenance, spare parts supply, and professional training sectors.

MAPNA’s solutions are efficient mixed baskets of products and services which are designed and presented as ready-to-implement packages to cover the customers’ professional problems and requirements. Conversion of thermal power plants to combined cycle power plants, the NIAM (MAPNA’s Standard Power Plant Plan) initiative, clean energy plans, and distributed generation and cogeneration plants are some of these solutions which have been developed and executed completely relying on cutting-edge technology. Our Interests and Capabilities

• Engineering, procurement and manufacturing of gas, steam, and combined cycle power plant projects

• Engineering, procurement and manufacturing of renewable energy power plant projects

• Engineering, procurement and manufacturing of electricity and heat distributed-generation and cogeneration power plants as well as electricity and freshwater cogeneration power plant projects

• Designing and engineering power transmission network and dispatching control centers

• Feasibility studies and consulting engineering services in the fields of conceptual, basic and detailed design Excellence: Present and Future

2880 MW Combined Cycle Power Plant Qeshm Water and Power Cogeneration Damavand Plant

With an overall capacity of 2880 megawatts, As a leading company in the power sector, MAPNA Damavand Combined Cycle Power Plant is the largest Group boasts unparalleled capacities in management, power plant of Iran, constructed by MAPNA Group. engineering, financing, procurement, and execution Located in southeastern outskirts of , the of projects. To contribute to the national campaign of power plant (also knowns as Martyrs of Pakdasht) reducing energy waste, and to fulfill its social includes 12 gas-powered units and 6 steam units. responsibility, MAPNA Group has also entered the cogeneration and distributed generation market. The main equipment for the first phase of the plant was designed and financed by Ansaldo Energia With a generation capacity of 50 MWs of electricity Company of Italy in collaboration with domestic and 18 thousand cubic meters of water per day, the contractors. The common parts were designed and Qeshm power plant is located in northern part of procured by domestic contractors. Qeshm Island, the largest island in the Persian Gulf.

The power generated by Damavand is transmitted to the national grid via a 400 KVs substation. The construction operation began in 2001 and all gas- fueled units received final accreditation certificate (FAC) in 2007.

The construction project of steam units kicked off in 2006 and was complete in 2012. The 2.5 MW Wind Farm- Qazvin Province

In 2009, MAPNA Group entered the renewable business with design, engineering, and construction of wind turbines and solar farms. MAPNA is now involved in technical and financial areas of the renewable business through investment, development, construction, installation, operation, maintenance and services. MAPNA is engaged in a broad scope of activities, from preliminary studies to power generation, sale, and transfer, in addition to project management, design and manufacture of power plant and utilities’ equipment, civil operation, installation and operation.

The company has also established partnership with well-known international companies, acquiring technology licensing and technology transfer for 2.5 and 4.5MW wind turbines. The Power Industry Family in MAPNA Mission, Responsibilities, and Capabilities

MAPNA Power Plants Construction & Development Company (MD-1/MD-2)

Contract management and implementation of gas power plants projects and related equipment

MAPNA Combined Cycle Power Plants Construction & Development Company (MD-2)

Contract management and implementation of combined cycle power plants projects and related equipment

MAPNA Special Projects Construction & Development Company (MD-3)

Contract management and implementation of special industrial facilities and performing oil & gas and petrochemical projects Monenco Iran Consulting Engineers Company

Engineering and consulting services and project management in field of conceptual, basic and detailed design

Nasb Niroo Company

Operational services, installation and commissioning plant equipment, construction of substations, transmission lines, and fuel storage tanks

Oil & Gas in MAPNA Oil & Gas

Enjoying MAPNA’s experience and credibility in successful completion of power plant projects, the group’s oil & gas division has started work since 2007, aiming for powerful presence in domestic markets. The division achieved remarkable growth in a short time. Thanks to commonalities between the power division and oil/gas industries, MAPNA has had effective participation and cooperation in oil & gas and petrochemical utilities even before official inauguration of the oil & gas sector in 2007.

The knowledge-based organizational structure of MAPNA as well as Iran’s privileged position in having the second largest oil & gas reserves of the world along with availability of strategic factors have made MAPNA products and services in accordance with customers’ requirements. Thus, an exceptionally bright and stable vision is expected for MAPNA in this key industry. Our Specialties and Capabilities

• Development of offshore and onshore oil & gas fields

• Design and manufacture of strategic equipment and oil & gas industry

• Engineering, procurement and execution of offshore and onshore drilling projects

• Construction of midstream and downstream processing units

• Design and manufacture of utility and offsite units

• Design and manufacture of pipelines and compressor stations

• Design and manufacture of pressure vessels and storage tanks Excellence: Present and Future

Participation phases 13 and 14 of South Drilling operation for Sepehr exploration Pars development projects well in Jufair

Technology transfer and manufacturing Drilling operation for National Iranian flow measurement equipment for Ministry South Oil Company of Technology transfer and production of turbo-compressors for national gas transmission lines 4 and 8

Design and manufacture of gas compressor stations (Unit 106) in South Pars phase 19, in cooperation with Petropars Company and procurement of main turbo-compressors for South Pars phases 13, 22, 23, and 24 Oil & Gas Family in MAPNA Mission, Responsibilities, and Capabilities

Neyrperse

Downstream and midstream projects in form of turnkey (EPC), reservoir construction, and utility projects

MAPNA Oil & Gas Development Company

Oil & gas fields’ development projects, refinery and petrochemical plans, LNG, and pipelines in turnkey/EPC format MAPNA Drilling Company

Offshore and onshore drilling projects

Tehran Energy Consultants

Technical consulting services for employers of oil & gas industry, especially in the upstream sector

Rail Transportation in MAPNA Rail transportation

The significance of rail transportation as a strategic industry in sustainable development of the country has encouraged MAPNA to undertake an effective role in this sector from 2008, relying on its previous experience and success.

We have become one of the powerful actors in Iran’s rail sector in a short time, emerging as an agent of development in tandem with strategic policies of Iran rolling stocks and network development.

Our target market is currently Iran’s domestic market. With realization of our short-term mission, we will enter international markets in near future. Skilled in commercial negotiation and powerful in its working relationship with global suppliers of equipment and rolling stocks’ support systems, MAPNA is fully prepared to meet the demands and requirements of the rolling stocks and network rail. MAPNA’s high capability in industrial equipment sector has made domestic design and production of these key equipment possible under the licenses of well-reputed international companies. Our Interests and Capabilities

• Engineering, procurement and construction of urban, suburban and intercity infrastructures

• Investment and operation contracts

• Engineering and manufacturing of various diesel-electric passenger and freight locomotives on main lines

• Engineering and manufacturing of maneuvering and tunnel diesel-hydraulic locomotives

• Manufacturing main equipment for locomotive and railcars such as brake systems, door systems, air conditioning systems, pantographs and propulsion

• EPC execution of metro, monorail, tramway, and rail line electrification projects

• Engineering, procurement, installation, and commissioning of electromechanical equipment for metro, monorail, and light rail lines

• Repair, maintenance and reconstruction of various locomotives and railcars

• After-sales services, consulting, training, and engineering support

• Spare part provision and sale

Excellence: Present and Future

Technology transfer, construction and procurement the advanced diesel-electric locomotive of Iran Safir

Tehran Metro Project Isfahan Metro Project Electrification of Tehran-Mashhad Train

Qom Monorail

Production and Manufacturing in MAPNA Production and Manufacturing in MAPNA

MAPNA’s strength in production of main and auxiliary equipment for power plants has made us the leading and sole manufacturer of such equipment in the Middle East and Western Asia. Utilizing advanced technology, intra-organizational knowledge and collaboration with international companies has equipped us with unique capability in procurement of spare parts and sensitive equipment for power, oil & gas, and rail transportation industries.

Our Diverse Capabilities Our Capabilities in Rail in Production and Transportation Production Manufacturing and Manufacturing

• Various types of gas turbines • Brake systems

• Various types of steam turbines • Mechanical equipment

• Wind turbines • Railway electrical equipment

• Turbine accessories • Signaling and control center

• Various conventional boilers

• Various turbo-compressors

• heat recovery steam generators

• Thermal generators

• Hydro generators

• Turbo generators

• Switchboard and security control systems Our Capabilities in Oil & Gas Production and Manufacturing

• Gas turbines

• Turbine blades

• Centrifugal compressors

• Oil pumps

• Tanks

• Switchboard and security control systems MAPNA Production Family Mission, Responsibilities, and Capabilities

MAPNA Turbine Engineering and Manufacturing Company (Tuga)

Production of diverse types of gas and steam turbines, industrial turbines and turbo-compressors for power plants

MAPNA Turbine Blade Engineering and Manufacturing Company (Parto)

Manufacturing blades for gas turbine hot section

MAPNA Generator Engineering and Manufacturing (Pars)

Production and manufacturing various thermal and hydro power plant generators and high-voltage power transmission bus ducts MAPNA Boiler and Equipment Engineering and Manufacturing

Design, engineering, construction management, procurement, installation, commissioning conventional and heat recovery (HRSG) boilers, design and manufacturing light and heavy equipment for power plants and oil & gas projects

MAPNA Electric & Control Engineering & Manufacturing Company (MECO)

Design, engineering and construction of various security control systems for gas and steam turbines, power plants’ central command room, plant-wide control system of combined-cycle power plants, generator protection and excitation system, and protection and control system of oil & gas and petrochemical complexes

Mavadkaran Engineering Company

Engineering and manufacturing various turbine blades under 100 MW, installation and operation services, combustion chamber construction in gas turbine engines Sepahan Equipment Manufacturing Company (STS)

Engineering, manufacturing, and installation of equipment for gas, steam, and combined-cycle power plants, design and manufacture of air intake and exhaust system, design and manufacture of thermal desalination and wind turbine tower

MAPNA Operation and Maintenance Company

Professional repairing and operation of power plants, conducting power plants performance test utilizing software systems

Alborz Turbine Engineering and Support Company

Power plant and systematic Comprehensive portfolio services in provisioning manufacturing, installation, commissioning, warranty, repair, vibration analysis, balancing, and performance test of various turbines

Investment in MAPNA Investment in MAPNA

In the organizational structure of MAPNA, investment division is considered to be an important axis of our strategic activities. Wide access to domestic and international markets have given MAPNA an active and constructive role in development of power, oil & gas, and rail transportation projects of the country through individual, direct or mutual investment along with domestic and international investors.

We are the leading investor and largest developer of independent power projects in Iran, considered as one of the major energy stocks parties investing on 9300 MW of electricity. Our investments are privileged by using various contract methods such as Build, Own, Transfer (B.O.T), Build, Own, Operate (B.O.O) and other investment schemes. Another privilege we have is utilizing products and services of MAPNA Group Companies to provide services for our clients.

MAPNA is now targeting investment beyond national markets and is going to complete its value-adding chain for its clients through developing investment strategies.

Our Interests and Capabilities

• Investment in power plant projects under (B.O.O), (B.O.T), and other schemes

• Investment in oil & gas and rail transportation under (B.O.O), (B.O.T), and other schemes

• Investment in new businesses

• Partnership in investment

• Electricity sale under the power purchase agreement and sale in electricity market

• Sales of water produced in water and electricity co-generation power plants Notable Projects

Construction, commissioning and Construction, commissioning and operating South Isfahan power plant as operating Parehsar power plant under the first independent power plant in Iran (B.O.T) scheme

Construction, commissioning and Construction, commissioning and operating Tous and Aliabad power plants operating Qeshm power plant under under (B.O.O) scheme (B.O.O) scheme Investment Projects in MAPNA

• South Isfahan Power Plant Company • MAPNA Asalouyeh Power Plant Company

• MAPNA West Karun Power Plant Company • MAPNA Parehsar Power Plant Company

• Fars Gas Power Plant Company • MAPNA Genaveh Power Plant Company • MAPNA Qeshm Water and Electricity Generation • MAPNA Parand Power Plant Company Company

• MAPNA Tous Power Plant Company • MAPNA Khuzestan Power Generation Company

• MAPNA Renewable Energies Generation Company • MAPNA Sanandaj Power Plant Company

No. 231, Mirdamad Blvd., Tehran 1918953651, Iran P. O. Box: 19395/6448 Phone: +98 21 24711001-2 Fax: +98 21 22908597-8 E-mail: [email protected] Website: www.mapnagroup.com