BERLIN, GERMANY - In a move that takes the roadmap for rebuilding Iraq's power sector a step further, Joe Kaeser, President and CEO of Siemens AG, and Luay al-Khatteeb, Iraq's Minister of Electricity, signed an implementation agreement paving way to full execution of Iraq Roadmap.

The agreement signed in Berlin in the presence of Adil Abdul-Mahdi, Prime Minister of Iraq and Angela Merkel, Chancellor of the Federal Republic of Germany, builds on the exclusive Memorandum of Understanding signed between the ministry and Siemens in October last year, outlining the specific projects, associated budgets and timelines for the execution phase for all essential elements of the electrification of Iraq, Siemens said in a press release.

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.

Also, three contracts valued at approximately 700 million euros ($786 million) have been awarded for Phase 1 of the Roadmap.

These include the EPC construction of a 500 megawatt gas-fired power plant in Zubaidiya; the upgrade of 40 gas turbines with upstream cooling systems; and the installation of 13 of 132 kilovolt substations along with 34 transformers across Iraq.

Source: Siemens