Iraq signs $363m Power Deal with Orascom

Iraq’s electricity ministry signed the $363 million, 1,014 megawatt, power plant deal with Egypt’s Orascom Construction, which was announced in February.

The contract involves building the plant and installing six 169 MW generators, which Iraq bought from Siemens in 2008, at the facility in Baiji [Beiji, Bayji].

The project is expected to be completed within 21 months.

(Source: Reuters)

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