Trading house Toyota Tsusho Corp. said Thursday it will build electric power substations in Iraq for around 60 billion yen ($540 million), the biggest construction deal won by a Japanese firm since 2003 when the war to bring down Saddam Hussein ended.
The affiliate of Toyota Motor Corp. received the order from Iraq'sMinistry of Electricity. It will build four fixed and 12 mobile substations to lower the voltage of electric current provided to households and offices in Baghdad and areas surrounding the southern city of Basra.
The facilities are expected to provide electricity to about 1.3 million households, with construction scheduled for completion in 2021, Toyota Tsusho said, adding it will procure equipment from Toshiba Corp. and Meidensha Corp.
Toyota Tsusho began operating in Baghdad in 1954 and has engaged in electricity businesses in the Middle Eastern country since the 1970s.
© Kyodo News International, Inc., source Newswire