Siemens and Iraqi government sign roadmap implementation agreement
Germany, Berlin: Siemens and the Ministry of Electricity of Iraq have signed an implementation agreement to kick off the actual execution of the roadmap.
The agreement builds on the exclusive Memorandum of Understanding signed between the Iraqi ministry and Siemens in October last year, and outlines the specific projects, associated budgets and timelines for the execution phase, covering all essential elements of the electrification of Iraq.
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.
The document was signed by Joe Kaeser, President and CEO of Siemens AG, and Luay al-Khatteeb, Iraq’s Minister of Electricity, in Berlin.
Within the implementation agreement, the parties also agreed on the award of contracts valued at approximately $782 M (700 M euros) for Phase 1 of the Roadmap. These include the EPC construction of a 500 MW gas-fired power plant in Zubaidiya; the upgrade of 40 gas turbines with upstream cooling systems; and the installation of 13 of 132 kV substations along with 34 transformers across Iraq.