Russo-Swiss firm signs MoU for Iraqi power plants
Wintercroft Capital to build two power plants with 1150MW capacity.
Wintercroft Capital, a Russia-Swiss company, has signed a Memorandum of Understanding (MoU) with the local administration al-Amara, the capital of the Iraqi Missan province, to supply two power plants with the combined capacity of 1150MW, reports the Aswat Al-Iraq news agency, citing a local official.
"The Missan local government agreed today with Russia's Wintercroft Capital to build two a steam-operated power station with a capacity of 650 megawatt and another gas-operated plant with a capacity of 500 megawatt," Amer Nasrallah, the Missan provincial council's energy committee chairman, told Aswat al-Iraq on Saturday.
"The two power plants, to be carried out by means of deferred payment at a period of 8-10 years, would solve many of the electricity-related problems in the province and with even a surplus of more than 650 megawatt," added Nasrallah.
Representatives of Wintercroft Capital signed the MoU on Wednesday, reports Al-Irag.
Amara, the capital city of Missan province, lies 390 km south of Baghdad.