Three Firms Bid to Build 1,014 MW Power Plant

Iraq's Ministry of Electricity said on Wednesday that it had received bids by three foreign companies to build a 1,014 megawatt gas power plant in the town of Taji, 20 km (12 miles) north of Baghdad.

Reuters reports that South Korea's Hyundai Engineering & Construction bid at around $500 million, Egypt's Orascom Construction at $463 million, and a Chinese company offered a bid at $337 million.

The contract is to build a plant with 6 gas units, each with a capacity of 169 MW, which Iraq bought from Siemens in a contract signed in 2008.

"The sums which the companies offered are considered initial figures, they can be negotiated," the ministry said.

(Source: Reuters)

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