Germany's Siemens AG (SIE.XE) said on Thursday that it signed several multi-million-euro service contracts with Iraq's Ministry of Electricity to maintain and upgrade four power plants.
The company didn't specify an exact financial value of the contracts.
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The upgrade will increase reliability and efficiency of the four plants, boosting capacity by around 400 megawatts to more than 1,000 megawatts, while decreasing fuel consumption by 10%, Siemens said.
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(END) Dow Jones Newswires
November 30, 2017 11:51 ET (16:51 GMT)