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French engineering group Alstom has been awarded a contract to build an electrical power plant worth $550 million in Iraq, reports Reuters.

The award of the Mansuriyah plant contract was announced as part of a visit to Iraq by French Trade Minister Pierre Lellouche.

“The Iraqi Deputy Prime Minister confirmed … the award of the Mansuriyah electrical power plant contract to Alstom for a total value of $550 million,” a statement from Lellouche’s office said.

Oil services group Technip will also sign two agreements relating to Iraqi oil fields on Wednesday, the statement said.

Alstom is already taking part in other projects in Iraq such as the Nineveh power plant and the Bagdad metro.

(Source: Reuters)

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