BERLIN (Reuters) – German engineering group Siemens on Tuesday signed a roadmap agreement with Iraq’s Minister of Electricity Luay al-Khateeb to upgrade Iraq’s electricity infrastructure.
Iraq’s government had said on Monday it would “cooperate” with Siemens in a potential deal to develop the country’s power grid, but gave no further details.
Siemens and U.S. rival General Electric have been competing for a possible $15 million deal to develop Iraq’s electricity infrastructure.
(Reporting by Andreas Rinke; Writing by Thomas Escritt; Editing by Michelle Martin)