Iraq has signed a contract to buy 250 megawatts of electricity from UAE's Oilfield Services.
Under the two-year deal, the company will provide two power plants docked on ships in Basra. The ships are expected to reach the port within a few weeks, and the plants will be connected to the grid by 31st July, the ministry said.
The contract is said to be based on a price of 7.5 cents per kilowatt hour.
Turkish ships are already docked at the port in Basra, which supply 270 MW per day to the national grid.
(Sources: Reuters, Arabian Business, Utilities-ME)