The agreement was signed with Iraq’s Ministry of Electricity to redevelop the Baiji 1 and Baiji 2 power plants in 28 months.
Egyptian contractor, Orascom Construction is set to team up with German conglomerate, Siemens to revamp two power plants in Iraq, after signing an agreement with the countries’ Ministry of Electricity.
In a statement published on its website, the Munich-headquartered firm said that the Baiji 1 and Baiji 2 power plants, which are located in northern Iraq, have a combined generation capacity of 1.6GW.
According to the contractor, work on the plants are set to be completed “within 28 months”.
Work at Baiji will begin once the contracts are approved by Iraq’s Council of Ministers and a financial agreement is reached with the Ministry of Finance.
Chief executive officer of Orascom Construction, Osama Bishai, said:”Our partnership with Siemens is a continuation of a successful relationship following the remarkable achievements on the mega power projects in Egypt.”