Iraq’s Prime Minister, Nouri al-Maliki, has said on Sunday that his government can’t solve the country’s electricity supply problems without the help of private investment companies, reports Aswat al-Iraq.
“The government is unable to increase the electric power alone, without the help of investing companies, and we have information that several businessmen wish to invest in the electricity sector,” Maliki told a meeting of the leaders of the Independent Commissions.
He said that “investors have demanded protection by the security forces … adding that they demanded their supply with power and we gave such promise, demanded fuel and the Oil Ministry’s Undersecretary had given such commitment; but the problem, facing the sector are high prices … if we allocate all the State budget, it won’t cover the wages of the investing companies.”
Maliki said that over the past 7 years Iraq had paid $10.5 billion [13 trillion Iraqi dinars] to companies investing in electric power sector, to secure an output of 2,500 Megawatts.
(Source: Aswat al-Iraq)