An American bank funds a $ 900 million contract with the Ministry of Electricity
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Economy News - Baghdad:
The US Export and Import Bank, "EXIM" has agreed to finance a contract between Stellar Energy and the Ministry of Electricity in the amount of $ 900 million to build evaporation systems and wet air pressure in three stages.
A source familiar with the "Economy News" said, "The financing of the American bank is due to the agreement signed between the bank and the Iraqi Finance Ministry to lend Iraq 5 billion dollars for the reconstruction of Iraq, which was signed last October in the American capital Washington."
He emphasized that "the first stage approved by the Council of Ministers to build evaporation systems and wet air pressure at a value of 450 million dollars, and that the second and third stages with a value of 450 million dollars," noting that "there are major differences between the executive and legislative authorities on the terms of the contract and that the legislative authority refuses to sign the contract By the Ministry of Electricity because of the resignation of the current government headed by Adel Abdul Mahdi. "