S.Korea's Posco E&C wins $700 million order in Iraq

South Korea's POSCO Engineering & Construction said it had won a $700 million order to build a power generation plant and a transformer in Iraq. A POSCO E&C spokesman confirmed media reports that Iraq's Kurdistan regional government had signed contracts with the builder.
The spokesman said construction of the power generation plant was expected to take 36 months and the transformer facilities was expected to take 28 months.
(Reuters)
8 August