Iran has announced plans to build a natural gas combined cycle power plant is Iraq’s Basra in the country’s biggest engineering services deal to date.
The project is valued at $2.5 billion and will be carried out by Iran’s MAPNA Group.
With a target to install 3000 MW of electric power to Iraq’s national grid, the facility is set to be completed within four years.
Iran’s current grid capacity is 8500 MW, so this new investment will help Iran on its’ way to reaching plans to generate 20,000 MW by 2016.
MAPNA will supply gas and steam turbines and boilers as well as supervising and engineering the project.