Iraq signs $500 million electricity deal with ABB

February 26, 2017 5:33 pm

Iraq signed a $500 million agreement with ABB to implement energy projects, Prime Minister Haider Al Abadi’s office said in a statement on Sunday.

“An electricity agreement was signed between the government of Iraq and the Swedish company ABB for the implementation of energy transmission for … the Ministry of Electricity,” Abadi’s office said, valuing the contract at $500 million.

Iraq continues to suffer electricity shortages, 14 years after the U.S.-led invasion that toppled Saddam Hussein.


By Reuters
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