Middle East Economic Survey


No 40



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...