Sunday, Sep 30, 2012
DUBAI (Zawya Dow Jones)--Dubai's Drake & Scull International, or DSI, said its Passavant-Roediger GmbH subsidiary has been selected by the Iraqi Ministry of Municipalities as the turnkey contractor for a waste water treatment plant located in the city of Kerbala.
"The project was awarded by Al Hanan Contracting Company and the contract value of Passavant-Roediger is AED 86 million," DSI said in an emailed statement.
Under the terms of the contract, Passavant-Roediger will design and build the sludge treatment system of the plant based on anaerobic sludge digestion, including energy recovery and generation from biogas.
DSI acquired Passavant-Roediger in 2009. Its shares closed trading Sunday 0.2% higher at AED0.825.
Write to Tim Falconer at tim.falconer@dowjones.com
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(END) Dow Jones Newswires
30-09-12 1224GMT
