Bloomberg News

Saudi’s Utec, Siemens Turkey Win Electricity Contracts in Iraq

November 02, 2011

Nov. 2 (Bloomberg) -- United Transformers Electric Co. of Saudi Arabia and the Turkish unit of Siemens AG signed contracts to supply transformers to Iraq, an Electricity Ministry spokesman said.

United Transformers, or Utec, will provide 1,250 units with a total capacity of 400 kilovolts for $11.6 million and Siemens Turkey another 1,250 with a total capacity of 31.5 kilovolts for $1.7 million, Masaab Serri told reporters today in Baghdad.

--With assistance from Nayla Razzouk. Editors: Rob Verdonck, John Buckley

To contact the reporter on this story: Kadhim Ajrash through the Dubai newsroom on contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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