Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
Bloomberg reports that Iraq has invited companies to submit bids to build a 500-megawatt electricity plant fuelled by natural gas in the eastern province of Maysan [Missan]. An electricity ministry spokesman, Mussab Serri, told Bloomberg that the contract will be awarded in March. The four turbines that will generate the electricity in the plant will […]
A member of Kirkuk Provincial Council has announced that there new power plants will soon be installed in the province. Fuad Hussein said the decision was made after the deputy electricity minister met the Council. An Iranian company will install two 196MW plants in Dubiz district, while a South Korean company will install the other 293MW […]
The Basra Investment Commission has approved a $100 million waste plant to be built by Dow Chemical's Kuwait branch, according to AKnews. The company, which already has plants in Kuwait, Saudi Arabia and Qatar, will enter Basra and invest in water purification projects and will consider providing environmental solutions, professional consultation and technical services. Waste […]
Bloomberg reports that Iraq will award seven major electricity generation contracts within the next 2 weeks as part of a three-year plan to expand power capacity. Kosay Sattar, the Electricity Ministry's director general of planning, said companies from Iran, Europe, Egypt and South Korea are bidding for $3 billion of orders to build 7,000 megawatts […]
The Iraqi Agriculture Ministry has announced plans to save 3.6 billion cubic meters of water by deploying 35,000 irrigation sprinklers during the next planting season, according to AKnews. Ministry spokesman Karim al-Tamimi said the sprinklers were distributed among all provinces in the country. Iraq has suffered from drought due to a lack of rainfall as […]
AKnews reports that the Iraqi government has allocated $15 billion (17.3 trillion Iraqi dinars) for infrastructure projects in the proposed 2012 budget. At the last budget meeting on 5th December, Baghdad set the budget at $100 billion (115.8 trillion IQD) with a deficit of $13.5 million. Abdul-Hussein Abtan, a member of the House of Representatives […]
The Ministry of Municipalities and Public Works has announced that 12 British companies have agreed to build water purification plants in five Iraqi provinces, according to AKnews. Jassim Mohammed, media adviser at the Ministry, told the news agency that the new plants will be in the provinces of Anbar, Diyala, Najaf, Dhi Qar and Basra. […]
A delegation from the Iranian Farast Group visited the Basra Investment Commission (BIC) and met its chairman, Khalaf Al-Badran. They discussed the possibility of obtaining investment opportunities in various sectors, including housing and electricity. The representative of the group, Ridha Mudhahari, said that his group includes 78 foreign and local specialized companies and that they […]
The Baghdad Company for Gas Turbines Ltd. has announced that it has won the contract to rehabilitate the Mullah Abdulla power plant in Baghdad. The company's managing Director, Mr. Mumtaz Rushdi, signed the deal for the 11units on Friday. When completed later this year, the plant will provide more than 250 MW of power. (Source: […]
Iraqi health authorities have decided to build 18 hospitals throughout the country with an total budget of US$2 billion, according to a report from AKnews. Adil Mohsen, General Inspector at the Health Ministry, told AKnews that the majority of the hospitals will have at least 100 beds and will be constructed according to international standards. […]
Egypt's foreign minister, Karmel Amro [Mohamed Kamel Amr], will lead a delegation of power companies to Iraq to discuss the formation of an Iraqi-Egyptian company to rebuild Iraq's power grid. AKnews reports that the the delegation will visit Baghdad in the last week of January. Hassan Najem, representing a coalition of Egyptian power companies, said that […]
AKnews reports that up to 26 foreign companies are engaged in preparations to build a 500 MW power plant in Kirkuk. Kirkuk currently requires 880 MW, but can only provide 450 MW: 240 MW from the national grid and 225 MW through a contract with Kurdish investor. Rebwar Talabani, the Deputy head of Kirkuk Provincial […]
