By John Lee. Swedish company Linxon has won an order of around $80 million to the Ministry of Electricity in Iraq for delivery of four turnkey 132/33 kV GIS substations. The contract forms part of the Electricity Sector Reconstruction Project (Phase 2) financed by Japan International Cooperation Agency (JICA). The delivery includes all needed equipment […]
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Iraqi Cabinet outlines Funding for Investment Projects
The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister thanked health teams for their sacrifices on the front line during the Covid-19 pandemic. The Cabinet received a briefing from the Minister of Health on the latest developments and the […]
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Swedish Company to build Power Substations in Iraq
By John Lee. Linxon Sweden AB has signed a contract with the Iraqi Ministry of Electricity to build 132-KV power transmission stations in Baghdad, Kut and Diwaniya. The contract was signed in Stockholm in the presence of the Ambassador of the Republic of Iraq in Stockholm, Mr. Ahmed Al-Kamali. Linxon is a joint venture company […]
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UK Drops Unaoil-related Probe into ABB
By John Lee. The UK's Serious Fraud Office (SFO) has dropped its investigation into ABB linked to the Unaoil case. After a thorough and detailed review of the available evidence, the SFO concluded that this case did not meet the relevant test for prosecution as defined in the Code for Crown Prosecutors. The SFO announced […]
ABB to complete Iraq Projects by 2024
By John Lee. ABB is reportedly targeting 2024 for the completion of energy projects in Iraq. Its managing director for the Middle East, Mostafa Al Guezeri, told The National that the Swiss-Swedish company is in the planning stage for its $1.2-billion work in the country. He added that the company was committed to spending more […]
ABB Wins Orders from Iraq's Min of Electricity
Swiss-Swedish group ABB has won orders from the Ministry of Electricity in Iraq to deliver five fixed and 15 mobile 132-kilovolt substations that will help strengthen the power grid and provide electricity in central Iraq. The government of Iraq is rebuilding the country and investing in its grid as part of its ambitious plan to […]
ABB wins $30m Infrastucture Order in Basra
Swiss-based ABB has won an order to supply and install a substation at the 3,000 megawatt (MW) Rumaila power plant, located in the Basra region of southern Iraq. The completed power plant will be operated by Shamara Holding Group (SHG), one of Iraq’s largest private industrial conglomerates and an independent power producer. The Rumaila power […]
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ABB in $500m Iraq Electricity Deal
By John Lee. Iraq has signed a $500-million agreement with Swiss-Swedish ABB to implement energy transmission projects. Prime Minister Haider al-Abadi's office said on Sunday that the agreement was signed between the company and the government of Iraq for the Ministry of Electricity. (Source: Office of the Prime Minister)
New Allegations of Massive Corruption in Iraq Oil Industy
By John Lee. An investigation by Fairfax Media -- publisher of The Age and The Sydney Morning Herald newspapers -- and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]
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ABB wins $100m Order Supporting Iraq Power Infrastructure
Switzerland's ABB has won an order worth around $100 million from Mass Global Holding to deliver a gas-insulated switchgear (GIS) substation that will help integrate 3,000 megawatts (MW) of electricity generated by a combined cycle power plant, utilizing Iraq’s natural gas resources. The government is rebuilding the country, investing in national housing programs and has […]
Court Rejects 'Oil-for-Food' Lawsuit
By John Lee. The US Supreme Court has rejected an attempt by Iraq to revive a lawsuit against companies for allegedly conspiring with Saddam Hussein's government to subvert the United Nations oil-for-food program. According to the Reuters report, more than 80 companies and other entities were named as defendants in the 2008 lawsuit over the […]
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Korean Firm wins $146m Contract at Bismaya
By John Lee. South Korea's LSIS said on Tuesday that it has signed a deal to supply electrical equipment for the Bismayah New-City Project (BNCP) (pictured). The deal, worth about 160 billion won ($146 million, 170 billion Iraqi dinars), will see the company supply equipment for gas insulated switchgear at 32 substations over the next […]