$204m power contract for Iraq power station
New power station to help country ease huge demand for electricity
Iraq has awarded a Chinese firm a $204.4 million contract to build a 500MW electrical power plant in the southern province of Basra, with an ambitious 18-month completion time.
China National Machinery and Equipment Import and Export Corp is to build four 125MW units in the country, beating competition from ABB, Enka and Hyundai, in an attempt to improve the country’s power generation capacity. Currently, state-supplied power is in huge shortage with the country’s total import and production of electricity just half the amount required, but in an attempt to address the issue, the nation announced last month that it will build 50 power plants in coming years.