Siemens secures three contracts worth $784.2 million from Iraq’s Ministry of Electricity

German energy engineering firm Siemens has bagged three contracts worth $784.2 million from Iraq’s Ministry of Electricity under the first phase of the Roadmap Implementation Agreement. The “Siemens Roadmap for the Electrification of New Iraq” is a series of short-, medium- and long-term plans designed to meet the reconstruction goals of Iraq and support the country’s economic development. The agreement covers plans for the addition of new power generation capacity, rehabilitation, upgradation of existing plants, and expansion of transmission and distribution networks across the country. The contracts include engineering, procurement and construction of a 500 MW gas-fired power plant in Zubaidiya, upgrade of 40 gas turbines with upstream cooling systems and the installation of 13 substations of 132 kV, along with 34 transformers, across the country.

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