Middle East Economic Survey

VOL. LIV

No 40

3-Oct-2011

IRAQ

Iraq Approves Award Of Power Projects To Hyundai And Metka

The Iraqi government has approved projects to build two power plants in southern Iraq with a total cost of $657mn. The first project is awarded to South Koreas Hyundai Engineering Company for a 1.5gw plant in Rumaila at a cost of $308mn, while the second goes to Greeces Metka for a 1.25gw plant in Basra at a cost of $349mn. Both plants are-gas fired and are to be completed...