Hyundai Power Station Deal signed

[Slaydadea]

Hyundai Power Station Deal Signed

Posted on 16 February 2011. Tags: Electricity, Hyundai, Quds

The Iraqi Ministry of Electricity said on Tuesday it had signed a contract with Hyundai, of South Korea, for the construction of four new power generating stations at the al-Quds [al-Qudus] Gas Plant.

Musaab Mudarris, the spokesman for the ministry, said the construction of the four new stations with a capacity of 125 megawatts (MW) each, 500 MW in total, is expected to get underway immediately. The project, valued at $219m [264 billion Iraqi dinars], is to be completed within 18 months.

Turbines for the project have already been bought by the Iraqi government from General Electric (GE).

The al-Quds plant, north of Baghdad province, currently produces 900 MW.

Iraq suffers from electricity deficiency, despite the many contracts signed to improve the condition. The lack of basic services, including electricity, has led to public demonstrations recently.

(Source: AKnews

[Bulls 2011]

This is great news for the Iraqi people!!!