[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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The consortium formed by our 100% owned subsidiary Entrade GmbH and Siemens Energy Global GmbH & Co. KG has signed a turnkey contract with the Ministry of Electricity of Iraq for the construction of a 922 MW natural gas combined cycle power plant in Nasiriyah, Iraq. Entrade GmbH's share in the project is 485 million Euros and the plant is expected to become operational on July 31, 2029.