Shanghai Electricity Wins $1bn Iraq Power Contract

Reuters reports that Iraq's electricity ministry has signed a $1 billion [1.2 trillion Iraqi dinars] deal with China's Shanghai Electric on Monday to nearly double the size of a power plant south of Baghdad.

The plant in the town of Zubaidiya was initially intended to have four 330 MW generators, giving a total capacity of 1,320 MW, but the new deal would see two additional 610 MW units installed to expand capacity to 2,540 megawatts.

Shanghai started work last May on Phase 1 of the plant, which was valued at $924 million.

"Thermal power plants are the backbone of the electricity system," the Electricity Minister Raad Shallal said at the signing ceremony. "The long term plan of the ministry is the thermal plants."

(Source: Reuters)

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