26 February 2017, Baghdad — 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.
*Maher Chmaytelli; Editing: Dominic Evans – Reuters