STX Heavy embarks on Iraq power plant constructionSTX Heavy Industries said yesterday that it has started work on building power plants in Iraq, after it won a deal in May valued at around 3 trillion won ($2.7 billion).
Under the deal with Iraq’s electricity ministry, STX Heavy will build 25 power plants across the strife-torn nation to generate a combined 2,500 megawatts.
The firs phase of construction on the diesel-fired plants will be completed by June 2012, the company said.
The units in question represent half of the 50 new 100-megawatt power plants that Baghdad plans to build at a cost of $6.25 billion.
STX Heavy won a 150 billion won order from an Iraqi oil firm to build a power plant in August last year.
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