BAGHDAD: Iraq on Saturday signed a $1.3 billion deal with German industrial conglomerate Siemens and Egypt’s Orascom Construction to rebuild a major power plant complex in the ravaged city of Baiji, north of Baghdad.
The new deal is part of a broader energy road map that Iraq signed with Siemens earlier this year in a bid to pump 11 gigawatts into Iraq’s crippled power sector.
The Baiji 1 and 2 plants, as well as a massive oil refinery nearby, were destroyed in the three-year fight against the Islamic State group after it swept across a third of Iraq in 2014.
Published in Dawn, September 15th, 2019
