Turkish Businesses Invited to Tender for $7bn Power Deal

Turkish entrepreneurs have been invited to bid in a 6,000 megawatt electricity grid tender with a total value of $7 billion in northern Iraq, the Habertürk daily has reported.

The tender for the construction of the grid is due to be open for bids on Thursday.

According to the Turkish daily, the invitation to participate in the tender came from Ahmed al-Mufti, an adviser to the prime minister of Iraq’s northern region, during a meeting on energy organized by the Center for Strategic Economic Social Research (SETAM) in Istanbul.

Energy and Natural Resources Minister Taner Y‎ld‎z also participated in the meeting and with both al-Mufti and Ashti Hawrami, the Kurdish regional administration’s minister for natural resources.

Iraq has been experiencing problems in electricity power supply over the past few years. The Iraqi government expects to overcome this problem with new energy investments.Habertürk quoted al-Mufti as saying: “Turkey and Iraq are two countries that are currently working in close cooperation. … We have gas resources and Turkey has strong investors with improved technology capacity. We could both benefit in new joint investments.” Referring to the pending tender, Mufti said Turkish investors had greater advantages than their rivals in the region.

More than two-thirds of the 2,000 foreign companies in the northern Iraq are Turkish and the number of Turkish employees in the region recently reached 20,000.

(Source: Today’s Zaman)

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