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Russian industrial conglomerate Siloviye Mashiny has won a contract to participate in the construction of a thermal power station in Iraq, in the northern city of Kirkuk.

The Russian group has signed a contract worth US$48m under a UN-administered project.

Siloviye Mashiny will provide two gas-fired turbines each with a capacity of 160MW and two turbogenerators with the same capacity by the end of 2005.

The power station, which will supply electricity to Kirkuk, is due to open in 2006 and its construction is financed by French bank BNP Paribas.