Siemens, Orascom To Rebuild Vast Iraq Power Plant
September 14, 2019
Iraq on Saturday signed a $1.3 billion deal with German industrial conglomerate Siemens and Egypt’s Orascom Construction to rebuild a major power plant complex in the ravaged city of Baiji, north of Baghdad.
The new deal is part of a broader energy road map that Iraq signed with Siemens earlier this year in a bid to pump 11 gigawatts into Iraq’s crippled power sector.
The country currently generates around 15 GW, far short of estimated demand of about 24 GW.