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Energy

GCC is expected to invest nearly US$73 billion in Power Generation and T&D projects and add 36 GW of generation capacity.

According a recent report by Frost & Sullivan, the GCC is expected to invest nearly US$73 billion in power generation and T&D projects and add 36 GW of generation capacity in the next five years.

Iraqi Ministry of Electricity has signed a US$72mn contract with Sunir to build gas-powered power plants in Iraq.

Iraqi Ministry of Electricity has signed a US$72mn contract with Iranian Sunir company to build gas-powered power plants in Iraq, IRNA reported.

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