Siemens To Rebuild Iraq Power Infrastructure After Signing $786mn Deal

Iraq’s government and German industrial conglomerate Siemens have signed a framework agreement to upgrade the electricity grid of the power-strapped country.

Siemens chief executive Joe Kaeser and Iraqi Electricity Minister Luay al-Khatteeb “signed an implementation agreement to kick off the actual execution of the roadmap” agreed to last year, the company said in a statement.

“This includes the addition of new and highly-efficient power generation capacity, rehabilitation and upgrade of existing plants and the expansion of transmission and distribution networks,” Siemens said in a statement. Read more