Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
The KRG's minister of electricity, Yassen Shekh Abubakir Mawati [Yasin Sheikh Abu Bakir Muhammad Mawati] (pictured), has announced the creation of five hydro-electric and gas power plants in the region: Three hydro-electric power plants at Deraluk-Rashawa Dam, Mandawa-Kopala and Taqtaq; Two gas power plants with 200-megawatt capacity each in Qaladze and Harir. (Source: AKnews)
Iraq's electricity problem could be solved by the end of the 2013, according to Iraq's deputy prime-minister with responsibility for energy. Husain al-Shahristani (pictured) told local reporters, “this year power output will reach 9,000 megawatts and skyrocket to 20,000 megawatts in 2013”. AKnews reports that he made the remarks as he inaugurated a new 400MW […]
The director of Karbala Investment Commission, Taef Abdul Hussein, has announced that an Iranian company will shortly build a waste recycling plant 10 km south of Karbala city. According to the report from Aswat al-iraq, the $48 million plant will process glass, wood and fertilizers, and will produce electricity. As a result of religious tourism, the city […]
Iraq's Ministry of Housing and Construction has completed the Shirqat Concrete Bridge project in Salahaddin province, at a cost of 11 billion Iraqi dinars ($9.2 million). A statement from the Ministry said that the bridge will contribute to smoothing traffic flow in the region, and will help the economy by improving the transportation of commodities […]
The Iraqi government has decided to increase the fund for importing electricity to $1.7 billion, according to a report from AKnews. Government spokesperson Ali al-Dabbagh (pictured) said the increase was made following a request from the Ministry of Electricity. (Source: AKnews)
KRG Prime Minister Nechirvan Barzani announced a strategic, tripartite energy agreement yesterday between companies from the Czech Republic, Turkey and the Kurdistan Region to build a new power plant. The agreement brings together the Czech Export Bank, Czech company PSG International, Turkey’s Renaissance Construction and KAR Group, the Kurdistan Region’s largest company, to build and […]
Iraq's Minister for Planning and Development Cooperation, Ali Yusuf Al Shukri (pictured), has announced that the Planning Ministry is preparing a database of companies that are falling behind in service and construction projects. These companies, and their directors, will be barred from participation in future projects to be awarded by the Iraqi government. (Source: Alsumaria TV)
A new electricity line from Turkey to Mosul was inaugurated on Saturday, according to a report from AIN. The Head of the Energy and Services Department at Mosul Provincial Council, Zuhair al-Jobbery, told the agency that the cable will initially transfer 50 MW of power. After four days of test operations, the line will eventually […]
The province of Diwaniya is reportedly supplying the owners of private electric generators with free fuel for three months, in order to provide services during summer season. AIN reports that the fuel will be distributed according to the capacity of the generator, and supplies will be adjusted as required. Summer is a particularly difficult time […]
Jawad al-Bazouni, an MP for the National Alliance, has told Aswat al-Iraq that four power generators were found forgotten in storage at the Khor al Zubair port. After receiving information about them, Bazouni found them during a tour of the port. Following inspection, it was found that three of the generators entered Iraq in 2005 but […]
Iraq’s future is a 168 megawatt brighter today as the Ministry of Electricity and the Emirati firm Uruk Engineering & Contracting announced that the Taji Power Plant Project is now online and operational. The Ministry of Electricity had launched a “fast track” program for its power generation projects following the announcement; and the Taji development […]
Reuters quotes local media reports in Korea as saying that Ssangyong Engineering & Construction has won a $250 million deal to build a water supply network in Iraq. The Korean Stock Exchange reportedly asked the company Ssangyong to submit a filing to clarify the report. (Source: Reuters)
