$27bn spent on Electricity Sector since 2003

By John Lee.

A spokesman from the parliamentary oil and gas committee has said that $27 billion has been spent on the electricity sector in Iraq since 2003, and that vast amounts of money have been wasted through corruption.

According to AKnews, Qasim Mohammed said:

Iraqi Deputy Prime Minister for Energy Hussain Shahristani will be called to parliament after Ramadan Eid for two reasons.

The presidency created a committee to investigate the electricity sector due to the huge amount of money being spent in this sector and still the problems have not been solved.

Some $27bn have been spent on the electricity sector in Iraq since 2003 but electricity has only increased by 1,000 megawatts. The Kurdistan Region has spent $1bn and gained 2,000 megawatts more.

There is huge corruption in the electricity sector in Iraq.

(Source: AKnews)

One Response to $27bn spent on Electricity Sector since 2003

  1. sammy August 25, 2012 at 1:25 am #

    The electricity problem is ufortunate issue for this broken country,27Bn and stil the gain is only 1000 megawat, if we have a decent law, parliment, auditing or government; heads shoud strat to roll, the first head should be the prime minister, he should be impeached and thrown out once and for all, however, there is a bright side to the strory, this may well be the very problem that will ignite the arab spring in Iraq which would ensure that these heads will rol.