AVAX Group announced the signing of a contract with Mass Group Holding (MGH) for the design, construction, and operation of a 282 MW open-cycle power plant in Iraq, a project with a total budget of $82 million.

The new plant will be built in the Bismayah area of Baghdad, Iraq, and construction will take 12 months and is expected to start immediately.

The plant will be gas-fired, consist of a General Electric 9F.04 gas turbine, and be designed with the possibility of future conversion from open to combined cycle to further increase both the generated load and the associated efficiency.

This is the third energy power plant awarded to AVAX at the Bismayah power station and will be delivered in the summer of 2025. Following the two previous projects of Phase 2 and 3 of the Power Plant in Bismayah, Iraq, as well as the ongoing Mintia Power Plant project in Romania, the award of the new unit cements the

AVAX Group's leading presence in major energy projects of international significance once again renews the relationship of trust between the MGH and AVAX Groups.

As noted in the announcement, the AVAX Group remains committed to high-performance projects that also demonstrate its long-standing reliability and high level of expertise.