Baghdad Co Wins $130m Najaf Power Contract

According to a report from Bloomberg, the $130 million [150 billion Iraqi dinar] contract to build a 500-megawatt power station in central Iraq has been won by the Baghdad Company for Gas Turbines Ltd.

The privately owned company was founded in 1993, and re-registered in 2003.

The company is scheduled to build the natural-gas fired power plant within 18 months in Haidariya in the Najaf region, Electricity Ministry spokesman Masaab Serri told the news agency.

The other five bidders for the project were South Korea’s Hyundai Engineering & Construction Co., Metka SA (METTK) of Greece, Turkey’s Enka Insaat & Sanayi AS, Lanco Infratech Ltd. (LANCI) of India and one unidentified Jordanian company.

AKnews reports that the plant will consist of four 125 MW turbines.

(Sources: Bloomberg, AKnews, Baghdad Company for Gas Turbines Ltd)

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