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* Iraq orders electricity minister out - source Cheap MLB Jerseys

* Government cancels two contracts, reviews Korean deal (Adds reaction from electricity official)

By Waleed Ibrahim

BAGHDAD Cheap MLB Jerseys , Aug 7 (Reuters) - Iraqi Prime Minister Nurial-Maliki has dismissed his electricity minister after thegovernment said an investigation had uncovered irregularitiesin power contracts with two foreign companies, a source inMaliki's office said on Sunday.

The electricity ministry also said it had asked the cabinetto rule on a $2.76 billion power plant construction contractwith a unit of South Korea's STX Group after saying the companyrisked missing a deadline to meet one of its contract terms.

The dismissal of Electricity Minister Raad Shallal Cheap MLB Jerseys , whichunder Iraqi law parliament has to approve Cheap MLB Jerseys louboutin poseidon for sale MILAN, could complicateurgent government efforts to bring in investors to tacklechronic electricity shortages that infuriate Iraqis looking torebuild their economy after years of war and sanctions.

"The prime minister has ordered his resignation and now theparliament should vote on it," the source in Maliki's officesaid.

A government ombudsman said on Saturday that Iraq hadcancelled power plant contracts worth $1.7 billion with aCanadian and a German company after finding "manipulation andmisleading information" about their finances or their ability tocarry out the work.

"The electricity ministry ordered these contracts cancelledimmediately. There was no financial loss because payments wereover the long term," said the statement from the office of theinspector general, an ombudsman that oversees the ministry. Continued...