Tag Archives | Orascom

Iraq signs $363m Power Deal with Orascom

Iraq's electricity ministry signed the $363 million, 1,014 megawatt, power plant deal with Egypt's Orascom Construction, which was announced in February. The contract involves building the plant and installing six 169 MW generators, which Iraq bought from Siemens in 2008, at the facility in Baiji [Beiji, Bayji]. The project is expected to be completed within 21 […]

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 […]

Lafarge Continues to Increase Capacity in Iraq

Lafarge, the world’s biggest cement maker, plans to increase its annual capacity in Iraq by 2 million tons by 2013 as the country rebuilds homes and infrastructure destroyed by war, according to a report from Bloomberg. Lafarge currently has capacity of 6 million tons a year across three plants and is producing 4 million tons, […]

Egypt's Orascom Wants to Invest in Karbala

The Egyptian firm, Orascom, is ready to invest in the housing sector in Karbala, the company’s representative said on Wednesday. “Our company can construct more than 10 housing units in Karbala,” the representative told Aswat al-Iraq news agency. He noted that a similar project was finalized in Egypt in eighteen months. (Source: Aswat al-Iraq)