Tag Archive | "Electricity"

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

Turkey Sends Power-Generation Ship to Basra


By John Lee.

Turkey is to send a power-generation ship to Basra to help alleviate its electricity shortages.

The announcement was made by Turkish Energy Minister, Taner Yildiz, on Sunday during the 17th Turkey-Iraq Joint Economic Commission meeting in Baghdad.

According to Worldbulletin, the ship will add 410 megawatts to the existing capacity of 250 MW in the city.

Turkey-based Karadeniz Holding is a major player in the power ship market.

(Source: Worldbulletin)

Posted in Industry & Trade, Public WorksComments (2)

Iran Wins $40m Iraq Cable Contract


By John Lee.

An Iranian company has struck a $40-million deal with Iraq for the supply of high voltage cables.

Alireza Kolahi, the Managing Director of Abhar Cable & Wire Co., said the contract was won despite competition from Malaysia, South Korea, Turkey, Italy, Germany, Switzerland, UAE and Saudi Arabia.

He said the Iraqi electricity industry has $400 million potential by 2030.

(Source: IRNA)

Posted in Construction & Engineering, Industry & TradeComments (10)

Iraq to Start Importing Gas from Iran in May


By John Lee.

A director of the National Iranian Gas Company (NIGC) has said that Iran plans to begin supplying natural gas to Iraq on a regular basis by May of this year.

Azizollah Ramezani said about six to seven kilometers of the pipeline has yet to be laid on the Iraqi side of the border.

The two countries signed an agreement in July 2013 to transfer natural gas from Iran to the Iraqi power plants of Al-Baghdad and Al-Mansouriyah.

(Source: Tasnim News Agency)

Posted in Oil & GasComments (1)

$3bn Power Plant for Bismaya


By John Lee.

Reuters reports that Mass Global will partly finance a $3-billion power plant in Bismaya.

The gas-fired, 3,000-megawatt plant is being built by Turkey’s Enka Insaat, whose chairman Sinan Tara said it would be financed partly from Mass Global’s equity and partly from Iraqi lenders.

The project will be built in two phases of 1,500 MW each.

The companies have already worked together on power plants in Erbil and Sulaymaniyah.

(Source: Reuters)

(Picture: new housing project at Bismaya).

Posted in Construction & Engineering, Public WorksComments (3)

Iranian-Built Power Plant Opens


By John Lee.

Iraq has inaugurated a 162-MW power station designed and built by Iran’s MAPNA Group in the Heidarieh district, some 25 km north of Najaf.

Iran’s PressTV reports that the opening ceremony on Thursday was attended by the Iranian and Iraqi energy ministers.

According to the report, Iran’s Energy Minister, Hamid Chitchian, said his country is prepared to promote “all-out relations” with Iraq, especially in the electricity sector.

Iran’s annual electricity exports to Iraq are valued at one billion dollars, with Baghdad importing 1,300 MW of electricity from Iran.

(Source: PressTV)

Posted in Construction & Engineering, Public WorksComments Off

French to Help Develop Electricity Sector


By John Lee.

Iraq’s Minister of Electricity, Qasim Mohammad Abid Hammadi al-Fahadawi [Qassim al-Fahdawi] held a meeting with the French Ambassador to Iraq, Marc Barety, on Sunday.

The Ambassador congratulated the Minister on his new role, and assured the Minister of the full support of the French government and private sector companies in the development of Iraq’s electricity infrastructure.

(Source: Ministry of Electricity)

Posted in Construction & Engineering, Public WorksComments Off

Iran Water, Electricity Projects Worth over $1.3bn


By John Lee.

Iranian companies are reported to be implementing water and electricity projects in Iraq worth over $1.3 billion (1.5 trillion Iraqi dinars).

According to an article from Trend, an Iranian Energy Ministry official said Iranian companies were currently working on 31 projects in Iraq in these sectors, and added that he expects more Iranian companies to invest in water and electricity projects in Iraq in the future.

The Iranian ambassador to Iraq, Hassan Danayeefar [Hassan Danae Fer] (pictured), is reported to have said in April that Iran exports 80 percent of its technical and engineering services to Iraq, and that the Iraqi market could absorb $500 billion worth of investment in that sector.

(Source: Trend)

Posted in Construction & Engineering, Public WorksComments Off

Iraq Seeks to Increase Electricity Imports


By John Lee.

Iraq’s new Minister of Electricity, Qasim Mohammad Abid Hammadi al-Fahadawi [Qassim al-Fahdawi] (pictured), is to travel to Iran on Tuesday to hold talks on electricity imports.

At a meeting with his Iranian counterpart, Hamid Chitchian, the Minister will also discuss the expansion of economic ties between Tehran and Baghdad.

In 2013, the two sides agreed to increase electricity exports from Iran to Iraq by 500 megawatts.

Tasnim News Agency reports that Iranian companies have so far completed 10 projects in Iraq in the area of water and electricity, and another 27 projects valued at $1.245 billion (1.45 trillion Iraqi dinars) are still in progress.

(Source: Tasnim News Agency)

Posted in Oil & Gas, Public WorksComments Off

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