Bids received for Iraq power project
Bids ranging from $337m to $500m for 1,000MW power plant
The competition for construction of a 1,014 megawatt power plant in Iraq is hotting up as the Energy Minister receives three bids from international companies.
Bids for the gas-fired plant, to be built 200km north of Baghdad, have come from an unidentified Chinese company, which pitched a $337m bid, Orascom Construction Co (Egypt) for $463m, and Hyundai Engineering and Construction (South Korea) for $500m. The bids were announced in a statement from the Electricity Ministry, which also said that all potential constructors had identified a 24-month build time for the project.
The ministry will choose the winning bidder by the end of August.