Canadian Firm Wins $1.7bn Iraqi Power Contract

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)

3 Responses to Canadian Firm Wins $1.7bn Iraqi Power Contract

  1. Iraqis in Canada August 6, 2011 at 5:40 pm #

    This is a scam company in Vancover. it has no activities at all. CANADIAN ALLIANCE FOR POWER GENERATION EQUIPMENT INC.
    440- 319 WEST PENDER ST.
    VANCOUVER BC V6B 1T3
    CANADA

    INCORPORATION NUMBER
    BC0825450
    DATE OF RECOGNITION
    May 20, 2008

    You can check it it is scam or not through contacting:
    Mailing Address:
    PO BOX 9431 Stn Prov Govt.
    Victoria BC V8W 9V3
    http://www.corporateonline.gov.bc.ca

  2. […] Equipment (Capgent) and the German firm Maschinebau Halberstadt (MBH). The Canadian company was awarded a $1.7 billion contract in July to build 10 power stations with a total capacity of 1,000 megawatts while the German firm won a $625 […]

  3. […] Equipment (Capgent) and the German firm Maschinebau Halberstadt (MBH). The Canadian company was awarded a $1.7 billion contract in July to build 10 power stations with a total capacity of 1,000 megawatts while the German firm won a $625 […]

Trackbacks/Pingbacks

  1. Iraqi Electricity Minister Sacked for Deals | Iraq Business News - August 8, 2011

    […] Equipment (Capgent) and the German firm Maschinebau Halberstadt (MBH). The Canadian company was awarded a $1.7 billion contract in July to build 10 power stations with a total capacity of 1,000 megawatts while the German firm won a $625 […]

  2. Iraqi Electricity Minister Sacked for Deals | Iraq Business News - August 8, 2011

    […] Equipment (Capgent) and the German firm Maschinebau Halberstadt (MBH). The Canadian company was awarded a $1.7 billion contract in July to build 10 power stations with a total capacity of 1,000 megawatts while the German firm won a $625 […]