Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
The Kurdistan Regional Government (KRG) is embarking on a water supply and sewerage programme worth $910 million USD (1 billion IQD), according to AKnews. Samir Abdullah [Samir Abdullah Mustafa, Samir Akrawi], Minister of Municipalities and Tourism (pictured), told a press conference that the Goptapa-Chamchamal water project will supply drinking water for 300,000 people in central […]
Reuters reports that Iraq signed a $349 million contract with Greek power plant builder Metka, a subsidiary of the Mytilineos Group, on Wednesday. The Shat-Al-Basra Power Plant Project will be a gas-fired, 1,250-MW power plant in southern Iraq. It comprises 10 units of 125 MW each, which were purchased from General Electric in a contract […]
This morning saw the launch of a major new guide to business in Iraq: Entitled "The New Iraq: 2012 Discovering Business", it was launched simultaneously in Dubai and at the "Iraq: Untapped Opportunities" conference in London. Published by Allurentis, in association with UK Trade & Investment (UKTI), the guide containes a wealth of case studies, […]
Iraq has allocated $250 million to fund joint development projects with international partners in 2012, according to reports from AFP. Peter Batchelor, country director for the UN Development Programme (UNDP) in Iraq said, "for next year, 2012, the government has put aside in the federal budget $250 million ... The aim... is to use it […]
Reuters reports that Iraq has finalised a $1.08 billion contract with the China National Machinery & Equipment Import & Export Corp (CMEC) to build a 1,260-megawatt thermal power plant. "The signing will take place next week or the week after," Laith al-Mamury, the head of investments and contracts at the ministry, said at a ceremony […]
The United Nations Development Programme (UNDP) has announced that it is boosting its partnership with the Government of Iraq and the Iraqi people. "We have tripled the number of our staff based in Iraq to 44 with further increases planned in the next year. Each and every one of them is committed to improving the […]
Azzaman news agency reports that Iraq's Ministry of Electricity has struck a deal with Siemens for the construction of three electrical transformer stations. The deal, said to be worth $76 million, is the latest in a series of contracts by the ministry to upgrade the national grid and increase the supply of electricity, which is […]
The Iraqi Ports Administration announced today that a power generation vessel arrived at Khor al-Zubair port last week. Aswat al-Iraq reports that the Turkish vessel will supply the national electrical grid with 110 megawatts of power. This is the third electricity generation vessel to arrive in Basra province. Two vessels are already working in Umm […]
The Provincial Council of Thi Qar [Dhi Qar] has announced that the ministry of electricity has approved the award of a contract to build a 500-megawatt power station to a local company. Aswat al-Iraq reports that the council expects the work to start this month, after verifying the company's records and abilities. The contract had […]
German construction and engineering company Bauer said it signed a letter of understanding on a $2.6 billion [3.1 trillion Iraqi dinar] contract to refurbish a dam in Iraq. "We expect the contract to be ready for signing within the next few months, after some final details have been clarified," Chief Executive Thomas Bauer said in […]
Bloomberg reports that the United Transformers Electric Company of Saudi Arabia, and the Turkish unit of Siemens AG, have signed contracts to supply transformers to Iraq. United Transformers (UTEC) will provide 1,250 units with a total capacity of 400 kilovolts for $11.6 million, while Siemens Turkey will provide another 1,250 with a total capacity of […]
Heavy fighting in Falluja, poor planning, unrealistic cost estimates, and inadequate funding led to significant cost-overruns and delays in constructing the city’s new wastewater treatment system, according to a new report from the Special Inspector General for Iraq Reconstruction (SIGIR). After seven years and the expenditure of over $100 million dollars, the backbone of a […]
