Lanco Infratech Lowest Bid for Anbar Power Plant

Six companies, including the world’s biggest power-grid supplier, ABB Ltd, have been selected to bid to develop a power plant in western Iraq,  according to a report from Bloomberg.

Lanco Infratech Ltd. (LANCI) of India, Techint Group of Italy, Hyundai Engineering & Construction Co. from Korea, as well as Turkish and Iraqi companies were preselected to bid for the project, the agency reports Deputy Electricity Minister Salam Qazaz as saying at a press conference in Baghdad on Sunday.

The lowest bid came from Lanco Infratech, which offered to build the natural-gas-fired 250 megawatts power station in Al Qaim in the Al Anbar province near the Syrian border for $81.3 million over 16 months, Qazaz said. The winner will be announced within 10 days.

(Source: Bloomberg)

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