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Iraq seals $1.3bn deal with Siemens, Orascom Construction

Iraq seals $1.3bn deal with Siemens, Orascom Construction

Mubasher: The Iraqi government has signed $1.3 billion agreement with Germany’s Siemens and Egypt’s Orascom Construction to rebuild a major power plant complex, Agence France-Presse (AFP) reported on Saturday.

The new complex will be located in the city of Baiji, north of Baghdad, the international news agency added.

The project will add 1.7 gigawatts (GWs) to the Iraqi power grid, Iraq’s electricity minister, Luay al-Khateeb, stated.

Some of Iraq’s power infrastructure was destroyed during the war against the Islamic State group.

Iraq’s power grid is currently producing 15 GWs, which fell short of the Arab country’s demand of around 24 GWs.