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Korean Firms Receive Order to Build Power Plants in Iraq

Written: 2011-04-08 08:31:38Updated: 2011-04-08 10:29:16

Korean Firms Receive Order to Build Power Plants in Iraq

Iraq’s Ministry of Electricity says South Korean firms received an order to build 25 power plants in Iraq.

A spokesman for the Iraqi ministry told reporters Friday that Electricity Minister Raad Shallal and officials from South Korean companies signed a contract on the three-point-one billion dollar project in Baghdad.

The spokesman said the total amount of electricity generated from the power plants that the Korean firms are to build will stand at two-thousand-500 megawatts. However, the spokesman fell short of elaborating on which Korean firms are taking part in the project.

The electricity ministry plans to sign another contract next week on building 25 more power plants.

The spokesman said the recent projects are part of the ministry’s scheme to inject six-point-two billion dollars to secure power plants that are capable of generating a total of five-thousand megawatts.


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