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UKEF Helps Fund Refurbishment of Al Mussaib Power Station Project

Power station rehabilitation project to be delivered by Siemens

UK Export Finance (UKEF) has revealed they will be providing financial support for the refurbishment of Al Mussaib power station near Baghdad.

The 30.2 million project, to be delivered by Siemens, will regenerate a 320 megawatt turbine to improve efficiency and power output at the station, in turn providing an improved electricity supply to residents of Baghdad.

Commenting on the deal, Minister of State for Trade and Export Promotion, Baroness Fairhead said:

"I am delighted that UK Export Finance is supporting the first phase of the refurbishment, which will have such a significant impact on the supply and security of electricity in southern Iraq.

The demand for UK expertise on complex projects like this highlights the UK’s leadership in this sector and I am delighted that UK Export Finance is supporting projects that will have such a direct impact on improving the country’s infrastructure and the lives of the Iraqi people. I encourage likeminded businesses to get in touch with UKEF to learn more about the kind of financial support we can provide."

Darren Davidson, Managing Director – Power Generation Services, Power & Gas, Siemens UK added:

"The refurbishment of the Al Mussaib power plant will be hugely important both for the citizens of Baghdad and for our international business. UKEF’s support demonstrates the UK government’s commitment to improving Iraq’s infrastructure and the UK’s energy sector."

Source: Gov.uk


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