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NEI Wins Iraqi Power Contract

Northern Engineering Industries (NEI) of the UK has won a 75mn ($127mn)contract to supply four 350MW turbine generators and other equipment for a newoil-fired power station to be built at al-Shimal, some 250 miles north of theIraqi capital. The contract is the first large international order placed byIraq since the cease-fire in the Gulf. The deal will be financed by a new loanpackage due to be offered to the Iraqi Government by...