Hyundai Heavy lowest bidder for 500 MW Iraq gas plant

South Korea’s Hyundai Heavy Industries has tendered the lowest of six bids for the construction of a 500 MW power plant in Iraq, an Electricity Ministry official said.
Bloomberg reports Hyundai Heavy bid $158.9m for the work, which will help boost power supplies and ease the outages that have sapped Iraq’s economy. Metka SA (METTK) of Greece, Turkey’s Enka Insaat & Sanayi AS, Lanco Infratech Ltd. (LANCI) of India, and companies from Iraq and Jordan also bid for the project, Deputy Electricity Minister Salam Qazaz said.
“The winner of the bid will be announced between three days and one week following a study of technical and financial aspects of the tender,” Qazaz said in Baghdad. The gas fired plant in Najaf is to be built within 18 months, he said.
In a separate bid, Hyundai Heavy, Lanco Infratech, three Iraqi groups and an Italian company submitted offers to build a 250 MW plant in Al-Qaim in western Iraq, Sabih Ishak, a director general at the Electricity Ministry, said in an interview from Baghdad. Results will be announced April 17, he said. The plant will run on gas from the nearby Akkas field, he said.
A group of South Korean companies signed contracts on April 7 to build 25 power stations, half of 50 that are planned at a total value of $6.25bn. Caterpillar and MAN are among companies that have bid for the remaining 25 plants, Electricity Minister Raad Shallal said on March 23.
The government also invited bids in December for the construction of four bigger plants that would raise generating capacity by a combined 2750 MW. Those bids will be for a 1250 MW plant near Basra, and three plants of 500 MW each in the cities of Samawa, Diwaniya and Amarah.
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