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FINANCIAL NEWS
Siemens wins USD128m contract in Iraq’s Kurdistan region
13 Sep 2012
(MENAFN) German electrical engineering firm Siemens has won a USD128 million supply contract from KAR Construction and Engineering Ltd. for its under-construction of Khormala gas turbine power plant in Iraq’s Kurdistan, the company said in a press release.
Siemens said it will provide Khormala plant, 25 km south of Erbil, with four SGT5-2000E gas turbines and four SGen5-100A generators in addition to the associated auxiliary and ancillary systems.
The power plant, to be commissioned next year, is the first major power plant project for the KAR Group, who will also operate the facility.
The plant has enough capacity to meet almost one quarter of the region’s power demand, delivering electricity to over four million people.
The Siemens Energy Sector is the world’s leading supplier of a complete spectrum of products, services and solutions for power generation in thermal power plants and using renewables, power transmission in grids and for the extraction, processing and transport of oil and gas.
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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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