Iraq has signed a $1.2 billion contract with Canada’s Capgent to build 10 power stations with a total capacity of 1,000 megawatts in a bid to meet local demand, Reuters reports.
A ministry spokesman told AFP that the plants were to be constructed within 12 months in the provinces of Anbar, western Iraq, and in Salaheddin in the centre of the country. AFP puts the value of the contract at $1.66 billion.
Each station has a capacity of 100 MW and will be installed by the Canadian Alliance for Power Generation Equipment (Capgent) around Iraq over 12 months, the country’s Electricity Ministry said in a statement.
The private Canadian thermal and diesel power plant construction company has electricity projects around the world, including in Kenya, Nepal, Angola and Mexico.
Iraq will have to repay the cost of the contract to Capgent once the power stations come into service and the total amount should be paid within two years, the statement said.
In January Iraq awarded a $219 million contract to South Korea’s Hyundai Engineering & Construction to install four gas turbines in Baghdad with a total generating capacity of 500 MW.
(Sources: Reuters, AFP)