Orascom Wins a $363 Mln Contract in IraqSource: www.export-egypt.com 2/29/2012, Location: Africa |
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“Orascom Construction and Industries” company said that the Iraqi Council of Ministers has agreed to grant a contract worth $ 363 million for the establishment of a power station, "Peggy soft" with capacity of 100 megawatts in Iraq, the city of "Peggy"is located 180 kilometers north of Baghdad.
“ Sameh Mohtadi”, director of business development company of Iraq, Kuwait and the Levant, said it is scheduled to finish this project within 21 months. For his part, Osama Bishay, Chief Executive of the construction sector of the company, said that there were negotiations with the Ministry of Electricity in Iraq in during the last period in the fields of electricity generation, which will pave the way for the group to promote investment in Iraq, With the benefit of the projects that have succeeded in both Egypt and Algeria, in this field. |
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