German giant Siemens and Egypt's Orascom Construction have secured a partnership contract to rebuild the Baiji power plant in Northern Iraq.
The organisations will be working together in order to boost the production capacity of the plant to 1,500 megawatts.
Orascom had previously signed a deal with the Iraq Ministry of Electricity to generate a 960 megawatt power plant with a budget for the project at $363 million.
Source: Zawya