Siemens, Orascom sign deal to rebuild Iraq power plant

BERLIN (Reuters) - Siemens and Orascom Construction signed an agreement on Saturday with the Iraqi government to rebuild two power plants in the north of the country that will have a combined capacity of 1.6 gigawatts.Siemens said that work at the Baiji facility, 250 km (155 miles) north of Baghdad, will commence once Iraq's Council of Ministers approve the deal and a financial agreement is reached with the Finance Ministry.Iraq signed five-year "roadmap" agreements with GE and Siemens AG ..