(MENAFN - Arab News) Iraq has announced the names of foreign companies bidding to build a 1,500 megawatt (MW) power plant with a value of around 1 billion in western Iraq.
The bids were from South Korea's Hyundai Engineering & Construction, Italy's Saipem, Greek power plant builder Metka, Turkey's Gama, and a consortium of Turkey's Calik Enerji and Italy's Techint, said Deputy Electricity Minister Salam Qazaz.
The plant will consist of six units: four gas units and two thermal units, Qazaz said. It is due to be completed in 33 months, the ministry said, according to Reuters.
The ministry said recently it plans to double its electricity supply to 12,330 MW by 2013 as it brings new sources of power online.
Total power supply, currently at 6,000 MW, is expected to reach 9,000 MW in July and 9,600 MW in August, the Electricity Ministry said in a statement. By December, it aims for capacity up at around 10,400 MW and to 12,330 MW in April 2013.
Iraq has signed a series of projects, ranging from gas to thermal power plants, with mainly foreign firms, which are expected to help it reach these targets.