Bidders Named for $1bn Iraqi Power Plant

Iraq  has announced the names of foreign companies bidding to build a $1 billion, 1,500 megawatt, power plant in western Iraq, according to a report from Reuters:

• South Korea's Hyundai Engineering & Construction;
• Italy's Saipem;
• Greece's Metka;
• Turkey's Gama; and,
• a consortium of Turkey's Calik Enerji and Italy's Techint.

The plant will consist of six units: four gas units and two "thermal" units, deputy minister of electricity, Salam Qazaz told the agency.

The plant is due to be completed in 33 months.

(Source: Reuters)