Iraq says it signs $500 million electricity deal with ABB

27 February 2017

Iraq signed a $500 million agreement with ABB to implement energy projects, Prime Minister Haider al-Abadi's office said in a statement on Sunday.

"An electricity agreement was signed between the government of Iraq and the Swedish company ABB for the implementation of energy transmission for ... the Ministry of Electricity," Abadi's office said, valuing the contract at $500 million.

Iraq continues to suffer electricity shortages, 14 years after the U.S.-led invasion that toppled Saddam Hussein.