Alstom has signed a €66m ($93.7m) contract with Iraq to build and install a power station in the northern province of Nineveh, Iraq’s electricity ministry said on 3 September.

The plant is due online by the end of 2012, ministry spokesman Musab al-Mudarres said in a statement.

The contract specifies that Iraq will pay 10 per cent of the cost to Alstom in advance and 40 per cent a year after the start of construction, reported Reuters.

Iraq’s available power capacity is about 9 GW and installed capacity totals 11–12 GW, according to Iraqi officials, but summertime demand is estimated to hit 14 GW.

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