Iraq Shortlists 2 Firms for $1bn Power Plant

Iraq’s Electricity Ministry said on Wednesday it had shortlisted two private Kurdish-owned companies to build and operate a power plant costing up to $1 billion in Iraq’s southern Basra province, Reuters reports.

The companies concerned are the Jordan-based Mass Global Investment Co and Arbil-based Kar Group. A winner will be selected at the end of April, electricity ministry spokesman Musab al-Mudarres said in a statement.

The 1,250 megawatt power plant will be constructed on a build-own-operate basis in the Shatt al-Basra, Iraq’s southern oil hub. The winning company will then sell the power generated by the plant to the government, the statement said.

The plant is due to start operating in May 2013.

(Source: Reuters)

Comments are closed.