Iraq signs $70 million (US engineering firm) Pratt & Whitney power deal

[sabra]

Source: Reuters

BAGHDAD, Jan 5 (Reuters) - Iraq has signed a $70 million agreement to buy power generating turbines from the U.S. engineering firm Pratt & Whitney, part of United Technologies Corp (UTX.N), the Iraqi electricity ministry said on Monday.

Iraq will buy five power generating units which can operate on fuel oil or gas and generate 180 megawatts of power, said Aziz Sultan, head of the electricity ministry's media office. The new units should be ready by June this year, he said.

The deal is much smaller than multi-billion dollar deals the government signed last year with General Electric (GE.N) and Siemens (SIEGn.DE) to add nearly 9,000 megawatts of capacity over the next few years.

But it demonstrates the huge need Iraq still has for infrastructure investment after making little headway in the six years since the fall of dictator Saddam Hussein.

Read more: http://www.reuters.com/article/marketsNews/idUSL524628320090105

[asjr]

1. And rumor has it that Iraq will become

America's fifty-first state.

[subsuelo]

2. we're so wonderful to be helping the Iraqis.

:sarcasm:

[high density]

3. Hmm, I read that as "Iran"

Crazy me.