The Iraqi Council of Ministers has authorized the Ministry of electricity to award and sign an EPC settlement for the Dora [Doura] Thermal power Plant undertaking in Baghdad, worth $480 million (except supervision and tracking fees).
As part of the settlement, the contractor will waive its claim to a sovereign price guarantee of $808.345 million, formerly issued with the aid of the Ministry of Finance.
The agreement is exempt from trendy government procurement rules below the Federal price range Execution regulation and authorities settlement Execution instructions (No. 2 of 2014).
A announcement from the prime Minister’s office did no longer mention the company concerned, however in December Iraq’s Minister of strength chaired a technical meeting with with a delegation from a organisation named as “Ethios power” to expedite the rehabilitation of the plant.
