Economics
Siemens in $310m Iraq Power Plant Deal
Germany’s Siemens has received an order to supply the key components and long-term power generation services for the 840 MW Maisan combined cycle power plant in Iraq. CITIC Construction Company, the Chinese engineering procurement and construction firm building the plant, and Iraqi developer MPC, part of Raban Al-Safina for Energy Projects (RASEP) awarded the contract valued at more than €280 mn ($310 mn) to Siemens. The independent power project is expected to deliver first power by March 2021 and enter full combined cycle mode by early 2022. The plant will supply sufficient electricity to meet the needs of more than three million Iraqis, while also supporting the industrial sector.
Source: http://www.iraq-businessnews.com/2019/07/10/siemens-in-310m-iraq-power-plant-deal/
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