ECONOMY

METKA in talks with SEPCO for Iraqi project

The Mytilineos group announced on Monday that it is in advanced talks with Chinese state construction company SEPCO for the joint undertaking of a $1.05 billion project in Iraq.

Group subsidiary METKA has already received a formal concession letter from the Electricity Ministry of Iraq for the construction of a combined cycle electricity production station in the province of Al-Anbar, western Iraq.

The implementation time of the project is 32 months. At this stage METKA is in the process of negotiating for the drafting of contracts.

Athens-listed METKA has been acknowledged internationally as an EPC (engineering, procurement and construction) company for specialized power production projects.

It works mainly in the geographical regions of Europe and the Middle East, and has undertaken projects in countries as far away as Syria, Turkey, Jordan and Pakistan.