The scope of works includes the construction of two production lines each with a capacity of 3,000 tonnes a day (t/d). PSG International will carry out the civil works and construction supervision; PSP Engineeringwill provide engineering equipment; and CZMTwill supply mechanical and electronics systems. The award came after the client, Irbil-based SJ Company Iraq, was awarded a licence by the government in October. The plant will be commissioned in 34-36 months.

The project was originally supposed to be financed by a syndicated loan from the Czech Export Bank and Citigroup, with insurance provided by the Czech Export Guarantee & Insurance Corporation . However, the client is understood to have opted to self-finance the project.

Inekon is also expected to sign a second contract with SJ Company in the coming months. ‘We are negotiating for a second plant, which could be located in the Irbil area,’ an Inekon spokesman told MEED on 18 January.

www.meed.com/industry