Electricity Ministry Needs $6bn to Solve Crisis

A spokesman for the Iraqi Ministry of Electricity said on Saturday that resolving the energy crisis that has plagued the country in recent years will cost an estimated $6bn [7.2 trillion Iraqi dinars].

Musab al-Mudaris told AKnews that the ministry has asked parliament to provide appropriate funds in the 2011 budget to resolve the shortcomings that will prevent electricity provisions in the coming season.

“The ministry has legal obligations with a number of international companies,” he said.

One such obligation is a $219m contract with the South Korean firm Hyundai to install gas turbines in Iraq’s Qudus power station.

On top of the $6bn demanded, Mudaris said that in order to strengthen Iraq’s generating capacity, an investment of between $3bn and $4bn a year is needed.

Former Electricity Minister Karim Washid was forced to resign due to public pressure last summer, following protests about electricity shortages.

According to government figures, the energy available to Iraq is around 9 thousand megawatts, while demand is estimated at up to 14 thousand megawatts during the summer months.

(Source: AKnews)

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