Iran Wins $40m Iraq Cable Contract

By John Lee.

An Iranian company has struck a $40-million deal with Iraq for the supply of high voltage cables.

Alireza Kolahi, the Managing Director of Abhar Cable & Wire Co., said the contract was won despite competition from Malaysia, South Korea, Turkey, Italy, Germany, Switzerland, UAE and Saudi Arabia.

He said the Iraqi electricity industry has $400 million potential by 2030.

(Source: IRNA)