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Siemens negotiating $10.6bn deal to supply energy generation technology to Iraq

September 24, 2018

It has been revealed that Siemens Chief Executive, Joe Kaeser, has travelled to Iraq to finalise a memorandum of understanding with the deal also thought to involve power transmission technology.

German Chancellor, Angela Merkel, has supported Siemens’ offer but it is understood that the Iraqi government has yet to decide whether to accept the bid, according to Handelsblatt.

In an email, a Siemens spokesman said: “We had submitted our roadmap document for repowering Iraq to Prime Minister Haider Jawad Al-Abadi in February.”

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