PSG has made another step towards the construction of power plant in Erbil, Iraq

PSG has proceeded with the realization of 980 MW steam-gas power plant in Erbil in Kurdistan region, Iraq. The government of the Czech Republic has appproved financing of the project through Czech Export Bank and project insurance through state owned insurance company EGAP. The boards of both institutions should retify financing and insurance during March this year.

„Government and ministry support of this project is crucial information for us. We follow agreements which we signed in Iraq this summer during the official visit of the Czech minister of industry and trade, “ stated Tomas Krones, the CEO of PSG.

The power plant wil be a common project of PSG and its long-time partner, Turkish company Renaissance Construction, and 70 Czech companies may participate in the project. “We will purchase and assemble steam turbines, exhaust heat boilers, air control and other components; the participation of Czech companies will exceed 70% of total amount”, specified Tomas Krones.

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