Greek Co Wins $1bn Electricity Deal

Iraq's cabinet has approved a $1.05-billion contract with Greek power plant builder Metka, a subsidiary of the Mytilineos Group, for the construction of a combined cycle gas power plant in Anbar.

According to Sky News Arabia, the station will have the capacity of 1,642 megawatts, and it is to be completed within 32 months.

Reuters reports that the four generating units were purchased from General Electric in a contract signed in 2008.

(Source: Aswat Al Iraq, Sky News Arabia, Reuters)

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