Enka Signs $235m Iraqi Power Deal

Reuters reports that Iraq has signed a $235-million electricity deal with a subsidiary of Turkey’s Enka Insaat to install a 500-megawatt power plant in the Al-Najibiya district of Basra.

The company will install four General Electric (GE) gas units, each with a capacity of 125 megawatts, within the next 16 months, said electricity minister Karim Aftan.

The green-field project will by financed by the local government of Basra.

(Source: Reuters)

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