Alstom awarded $550m Iraq power contract
Published: Nov 1, 2011 22:44 Updated: Nov 1, 2011 22:44
PARIS: French engineering group Alstom has been awarded an electrical power-plant contract in Iraq worth $550 million, France's Ministry of Trade said on Tuesday.
The award of the Mansuriyah plant contract to Alstom, which is already taking part in Iraq projects such as the Nineveh power plant and the Baghdad metro, was announced as part of a visit to Iraq by French Trade Minister Pierre Lellouche.
"The Iraqi Deputy Prime Minister confirmed ... the award of the Mansuriyah electrical power plant contract to Alstom for a total value of $550 million," a statement from Lellouche's office said.
Oil services group Technip will also sign two agreements relating to Iraqi oil fields on Wednesday, the statement said.
Iraq's power infrastructure has been badly damaged by decades of war and sanctions, and 8-1/2 years after the US-led invasion its national grid still only supplies a few hours of power a day.
"Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"