Alstom has signed a contract worth US$93.7mn with Iraq to build and install a power generation plant in the northern province of Nineveh.
A statement by the Ministry of Elecrcity said the plant would come online by the end of 2012.
Under the contract, Iraq has to pay 10 per cent of the expenses in advance and 40 per cent after a year from the date the firm? starts construction of the project. There were no details available on when the rest of the cost would be paid.
Iraq's available power capacity is around 9,000 megawatts, and installed capacity at 11,000 to 12,000 MW, according to Iraqi officials.
