Middle East Economic Survey

VOL. LIV

No 28

11-Jul-2011

IRAQ

Iraq Signs $1.66Bn Deal With Capgent To Build 10 Power Plants

Iraq signed a $1.66bn deal with the Canadian Alliance for Power Generation Equipment (Capgent) to build 10 fuel oil-fired power plants with a combined capacity of 1.0gw (100mw each), local press reports said on 2 July. Capgent will build the plants in Iraq’s western Anbar and the Salaheddin provinces over 12 months. Iraq will have to repay the cost to Capgent...