| 2008: Hyundai signs contract of $360 million with Electricity Ministry |
|
June 17, 2008 The Iraqi Ministry of Electricity signed a contract of 360 million U.S. dollars with the Korean company Hyundai to supply 12 new power generation units, said the ministry's official spokesperson. He added that the units will arrive in the country within a few weeks, and will be distributed throughout selected areas in Baghdad and other cities. "The Electricity Ministry signed a contract with the S. Korean Hyundai to provide Iraq with 12 new power generation units, each with a capacity of 30 Megawatts," Aziz Sultan told Aswat al-Iraq - Voices of Iraq - (VOI). "The units are expected to arrive within the coming weeks," he said. "They will be distributed over selected areas in Baghdad and some Iraqi provinces, according to the demand," he noted. He explained that the total value of the contract is $360 million. Baghdad and most of the Iraqi provinces suffer severe lack of electricity, a matter that makes people rely on private owned local generators. Source: Voices of Iraq |