UAE to Provide Floating Power Plants in Basra

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)

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