JICA Refutes Reports of $2bn Iraqi Loan

By John Lee.

Japan’s International Cooperation Agency (JICA) has told Utilities Middle East that reports that the organisation had agreed a US $2 billion loan for the construction of a new Iraqi power plant are inaccurate.

Japan’s principal overseas development agency, was reported by both KUNA and AIN to have agreed the massive loan to help finance the new 1,800 MW Nassiriyah power plant.

The organisation told Utilities-ME that the most recent Japanese Official Development Assistance (ODA) loan to Iraq was a $1.12 billion agreement for three projects in the first quarter of 2010.

This included a Water Supply Sector Loan Project to upgrade and construct water facilities to ensure potable water supplies to Anbar, Ninawa and Salah ad-Din governorates, together with the construction of the Al-Alkkaz [Akkas?] gas power plant project in Anbar.

The loan also covered the construction of the Deralok hydro-electric plant in Kurdistan’s Dohuk governorate.

(Source: Utilities Middle East)

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