Iraq suspends eight Siemens contracts
Ministry of Electricity gives Siemens two weeks to implement agreements reached
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Iraq’s Electricity Ministry has disclosed that eight new contracts with Siemens, the German energy and electricity equipment manufacturer, were suspended for not implementing the terms of the contracts.
In a press statement, the ministry tried to minimise tension with the German company by granting the company two weeks to implement the agreements reached to.
Siemens director in Iraq, Na’il Ghali, stated that the company is trying to rectify the mistakes in order to solve pending questions.
Siemens is active in around 190 regions, occupying leading market and technology positions worldwide with its business activities in the Energy, Healthcare, Industry, and Infrastructure & Cities Sectors.
The company has over 370,000 employees around the world.
The Ministry of Electricity of Iraq is the federal government ministry concerned with electricity. It is responsible for both the policymaking and the electricity supply throughout the country.
The operational functions (power generation, transmission, load dispatch and distribution) are no longer autonomous corporate entities, but were reorganized into 18 geographically based directorates within the ministry.
