08 Feb 2012
(MENAFN) Iraq’s Electricity Ministry said that as part of a 3-year plan to increase power capacity, this month, the ministry plans to award 7 power plants deals with a combined value of USD3 billion, reported Gulf News.
The ministry added that in a period of two weeks, the government expects to give the sites to the winning companies that are bidding for the orders to set up 7,000 megawatts of electricity generation.
It also said that it has inked deals with General Electric and Siemens AG for the equipment needed to produce the plants.
It is worth noting that companies from Iran, Europe, Egypt and South Korea are bidding for the projects.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
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BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
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BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
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