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Alstom awarded $550M Iraq power contract
French engineering group Alstom has been awarded an electrical power-plant contract in Iraq worth $550 million, France's ministry of trade said on Tuesday.
November 2, 2011 12:00 by Reuters
“The Iraqi Deputy Prime Minister confirmed…the award of the Mansuriyah electrical power plant contract to Alstom for a total value of $550 million,” a statement from Lellouche’s office said.
Oil services group Technip will also sign two agreements relating to Iraqi oil fields on Wednesday, the statement said.
Iraq’s power infrastructure has been badly damaged by decades of war and sanctions, and 8-1/2 years after the U.S.-led invasion its national grid still only supplies a few hours of power a day. (Reporting By Lionel Laurent; Editing by Hans-Juergen Peters)