Toyota Tsusho to construct $93 M substation
Toyota Tsusho Corporation has signed the contract with Iraq's Ministry of Electricity, to construct a stationary electrical substation, together with ELSEWEDY.
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Iraq, New Babil: Toyota Tsusho Corporation has signed the contract with the Ministry of Electricity of Iraq to construct a stationary electrical substation together with Egyptian engineering company ELSEWEDY.
The project, worth approximately $93 M (10 B yen), entails the construction of a 400 / 132 kV stationary electrical substation in New Babil, Babil Governorate, approximately 120 km south of the Iraqi capital Baghdad.
Toyota Tsusho will procure the substation’s gas insulated switchgear and transformers, and ELSEWEDY will carry out the engineering and designing, procurement of auxiliary equipment, and the construction work of the substation.
The project will be funded by Japanese Official Development Assistance Loan via the Japan International Cooperation Agency, as part of Japan’s assistance for the reconstruction of Iraq.
The increase in substation capacity as a result of this project will contribute to the stabilization of the electricity supply to the entire Babil Governorate, which is home to a population of approximately 1.9 million people.
The substation is scheduled for completion in March 2022.
Iraq has suffered from chronic power shortages, with outages of approximately six hours per day. The country is rehabilitating old and building new power plants in order to expand and stabilize its electricity supply; however, this increase in generation capacity has created an urgent need for more substations.
Source: Market Screener