Tag Archives | Electricity In Iraq

The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News

Badra Oilfield to Increase Production

By John Lee. The senior deputy minister for oil has said that production at the Badra oilfield in Wasit province will reach 65,000 bpd by the end of this year. Fayadh H. Niema made the announcement during his inspection visit to two oil and gas treatment units at the field. Assim Jihad, spokesman for the […]

Iran Resumes Power Supply to Basra

By John Lee. Iran has reportedly resumed electricity exports to Iraq following a hiatus over unpaid fees. Power was restored following the visit of an Iraqi delegation to Tehran to settle the issue. (Source: PressTV) (Electricity image via Shutterstock)

$375m Financing Deal for Power Sector

By John Lee. Dimitris Tsitsiragos, the Vice President of the World Bank‘s private sector investment arm, told Reuters on Thursday that the bank had arranged $375 million in financing for an Iraqi power company. The International Finance Corporation (IFC) will provide a debt and equity package of $250 million, with another $125 million from Lebanon’s […]

GE signs Power Deal in Iraq

By John Lee. General Electric (GE) has signed a “strategic framework agreement” with Iraq’s Oil Ministry on Sunday. The projects are planned to generate more than 400 megawatts of power for oil installations by summer. Other initiatives are to maintain existing generating infrastructure and reduce gas flaring from oil fields. The ministry did not specify […]

Iran Ready to Start Gas Delivery to Iraq

A senior Iranian oil official said the country has started pumping gas into a pipeline that the Islamic Republic plans to use for exports of natural gas to Iraq. “The pipeline is complete on the Iranian side and will be soon inaugurated by senior Iranian officials to start pumping gas into Iraq,” Managing Director of […]

Iran cuts Electricity to Iraqi Kurdistan

By John Lee. Iran has cut electricity to the Penjwen district east of Sulaimani, as well as to neighboring villages in Iraqi Kurdistan, since Monday. According to a report from eKurd, the supply was cut off after the Kurdistan Regional Government (KRG) failed to repay loans of $27 million to Iran. Iran has provided the Penjwen […]

Qaiwan secures $105m Loans for Iraq Power Plant

By John Lee. Kurdistan’s Qaiwan Group has secured two loans totalling $105 million to refinance part of the firm’s investment in the 442-MW Bazian Power Plant (pictured). According to a report from Trade Arabia, Deutsche Bank has arranged an eight-year $75-million buyer credit, along with the Dubai branch of Lebanon’s Bankmed. The finance is being […]

ABB wins $100m Order Supporting Iraq Power Infrastructure

Switzerland’s ABB has won an order worth around $100 million from Mass Global Holding to deliver a gas-insulated switchgear (GIS) substation that will help integrate 3,000 megawatts (MW) of electricity generated by a combined cycle power plant, utilizing Iraq’s natural gas resources. The government is rebuilding the country, investing in national housing programs and has […]

Explosion Damages Gas Pipeline Near Kirkuk

By John Lee. An explosion on Friday has damaged a section of the pipeline that supplies gas for about half of the electricity generation in Iraqi Kurdistan. The KRG’s Interior Ministry said an investigation was underway to find the cause of the explosion near the district of Shwan. The pipeline feeds gas from the Khor […]