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By Nathan Allen
Siemens AG (SIE.XE) said Tuesday that it has received an order valued at 280 million euros ($314.2 million) to supply components and services for a combined-cycle power plant under construction in Iraq.
The German engineering group will supply gas turbines, a steam turbine and the main transformers for the 840-megawatt plant, which will generate power for more than 3 million Iraqis.
Chinese construction group CITIC Construction Co. is overseeing the project, which is scheduled to start up in 2021 and ramp up to full capacity in 2022.
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(END) Dow Jones Newswires
July 09, 2019 09:11 ET (13:11 GMT)
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