$28m Alstom Deal to Repair Iraq Power Plant

Reuters reports that French engineering group Alstom has signed a 20 million euro ($27.83 million; 33 billion iraqi dinars) contract with Iraq on Monday to rehabilitate a unit at one of its power plants.

Alstom, maker of industrial power plants and high-speed trains, said in a statement it would rehabilitate a unit at the gas-fired power station in Iraq’s holy Shi’ite city of Najaf.

The unit, which has been out of operation for five years, is expected to be reconnected to Iraq’s electricity grid by summer in 2011, Alstom said.

Iraq’s power infrastructure has been badly damaged by decades of war and sanctions, and 7-1/2 years after the U.S.-led invasion, its national grid still only supplies a few hours of power a day. Intermittent electricity is one of the public’s top complaints.

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