Iraq shortlists firms for power station deals
Baghdad, September 4, 2009
Iraqi-owned URUK Engineering Services and Canada's SNC-Lavalin Group have been shortlisted for $255 million in contracts to install gas turbines in three power stations, an Iraqi official has said.
Laith al-Mamury, the head of the investments and contracts office in the Iraqi Electricity Ministry, said SNC was a finalist for contracts to install the turbines in two of the three sites. Dubai-based URUK was shortlisted for one site.
'We have recommended these two companies to the cabinet and we are waiting for approval,' Mamury told Reuters.
Mamury said the three sites would produce 660 MW of power.
The ministry, starved of resources this year after tumbling oil prices forced Iraq to slash its 2009 budget three times, had $100 million of the money needed, and would divide that up among the three sites for start-up costs.
The balance -- $155 million -- would be funded in the 2010 budget, Mamury said.
The gas turbines being installed were delivered by General Electric under an earlier contract. – Reuters
More Energy, Oil & Gas Stories
- Qatar ready to invest in Turkey power project
- Asia gasoline margins set to plunge in 2014
- Egypt signs oil exploration deals with foreign firms
- Eaton appoints new Mideast GM
- Sustainable energy ‘should be top priority’
- Bapco achieves safety milestone
- Iran, Iraq put Opec on notice of big oil increases
- Iraq, Kurds close to deal on oil exports, revenue
- Kuwait refinery signs up Honeywell
- Alstom to set up Saudi power generation JV