June the 25th, 2022 - The Croatian company Koncar has signed a contract in Baghdad with the Iraqi authorities worth a massive 65 million euros in total!
As Poslovni Dnevnik writes, the Croatian company Koncar, which is a well-known regional leader in the power industry, signed a 65 million euro contract with the Iraqi Ministry of Electricity (MOE) in Baghdad recently, the aim of which is to revitalise the Haditha hydropower plant.
This Iraqi plant, with an installed capacity of 6 × 128 MVA, represents one of the largest references in history for the Croatian company Koncar, given that the hydroelectric power plant was actually built by Koncar back during the first half of the 1980s.
Several companies within the wider umbrella of the Koncar Group, led by Koncar - Inzenjering/Engineering (KET), will participate in this large project. As part of the contract, the partial revitalisation of production units, the replacement of part of medium and high voltage equipment, complete power plant management systems, the excitation and electrical protection systems, as well as the renovation of all mechanical subsystems and hydromechanical equipment of the power plant will be carried out.
After a decade, negotiations with the customer continued, and after a little more than eighteen months of new talks in a completely new political environment, the Koncar Group achieved another historic step on the demanding global market, by signing a contract to revitalise this extremely significant Iraqi hydropower plant.
Moreover, in the last ten years, the Croatian company Koncar has already realised several smaller contracts, mainly involving the supply of equipment and spare parts for this power plant on the Euphrates River, as well as to other plants, such as HPP Hemren. This agreement achieved an important return to the Iraqi market, which once again confirmed the role of the Koncar Group as one of the most important domestic exporters to the global market.
"This is the final result of many years of negotiations, but also of already proven global references in this segment, which confirm the rich experience and unquestionable quality and reliability of our high-tech solutions. By signing this agreement, the preconditions for contracting new business in Iraq have been met, both at the Haditha HPP itself and at the rest of the Iraqi market,'' said Gordan Kolak, President of the Management Board of Koncar.
Koncar - Inzenjering/Engineering (KET) will implement this large and extremely important project in a consortium with a local partner, the company Al Rashak, and other companies within the Koncar Group will also be involved in the implementation. The fact that the Croatian company Koncar is very much at home when it comes to such projects is best confirmed by almost 400 hydropower plants across more than 50 countries around the world, which Koncar has fully or partially built and revitalised over more than seven decades.
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