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FINANCIAL NEWS
Alstom Grid awarded USD116m contract in Iraq
05 Jul 2011
(MENAFN) Calik Energy, a Turkish company, granted Paris-based Alstom Grid a USD116 million contract to provide electrical transmission equipment for two power plants in Iraq, Arab News reported.
Alstom Grid, the electrical transmission arm of Alstom, French transport infrastructure, power generation and transmission giant, will supply power transformers2 and GIS substations for two plants.The plants are scheduled for construction in the summer and fall of next year.
The two gas-fired power plants, to be built in Al-Khairat and Nainawa, would have a combined production capacity of 2000 megawatts (MW).
The two natural gas and oil plants are a part of the Iraqi Ministry of Electricity’s “MegaDeal3” to increase the country’s power generation capacity by over 10,000 MW. Iraq’s demand for energy is increasing as the country rebuilds and reconstructs.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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