Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
Officials in Basra have reportedly blocked a $500m power generation deal with Korea's Hyundai, because of the company's involvement with the controversial Mubarak Port in Kuwait. The project was due to be launched on Thursday. Ayad al-Amara, an official spokesman for Basra Governorate told AKnews that the Governorate has decided to stop work with all […]
Hussein al-Shahristani (pictured), Iraq's Deputy Prime Minister, will be summoned to parliament after the Eid al-Fitr holiday to answer questions about two fraudulent ministry of electricity contracts worth more than $1.7 billion, according to AKnews. A member of the parliamentary commission set up to investigate the case, Uday Awwad, told the agency that MPs signatures have […]
The final report of the congressionally chartered US Commission on Wartime Contracting in Iraq and Afghanistan says at least $31 billion has been lost to contract waste and fraud, and that major reforms are required. Commission reform objectives include improving federal planning for use of contracts, strengthening contract management and oversight, expanding competition, improving interagency […]
The Iraqi Electricity Ministry announced on Monday that eight small diesel-powered electricity generators have been completed and are ready to start producing a total of 240 MW of power. Ministry spokesman Musab al-Mudarres told AKnews that the stations are First Northern Baghdad, Jadiriya, First Qurna, Second Qurna, al-Farabi, Falluja, Ramadi, and Balad. Each of them […]
AKnews reports that a German company has started work on a $200 million hospital in the al-Qayara district of Nineveh, 30 km south of the provincial capital Mosul. A Nineveh health official told the agency that the 600-bed hospital will serve the surrounding area which is in "desparate need" of medical facilities. Currently, people in […]
Baghdad provincial council announced on Thursday that it has allocated 50 billion Iraqi dinars ($40 million) from its budget to purchase 360 electricity generators to be distributed throughout the capital in order to reduce the acute shortage of energy, noting that these generators, with the help of civil generators, will provide 2200 MW for the […]
The Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, has been nominated to the post of Acting Minister of Electricity, along with his current post, the semi-official Iraqiya TV Satellite Station reported on Wednesday. “Prime Minister, Nouri al-Maliki, has assigned his Deputy for Energy Afffairs, Hussein al-Shahristani, to hold the administration of the Minister of […]
The Iraqi Electricity Ministry has said that a third Turkish ship will arrive within a few days in the Umm Qasr port (pictured) to supply 108 megawatts of power to Iraq's struggling electricity grid. A spokesman for the ministry has added that two other Turkish floating power plants off southern Iraq supply a total of […]
Iraq's Ministry of Electricity said on Wednesday that it had received bids by three foreign companies to build a 1,014 megawatt gas power plant in the town of Taji, 20 km (12 miles) north of Baghdad. Reuters reports that South Korea's Hyundai Engineering & Construction bid at around $500 million, Egypt's Orascom Construction at $463 […]
The latest scandal at Iraq’s ministry of electricity involves multi-billion dollar “phantom deals” with a German and Canadian company. The minister of energy has been asked to resign. But according to a report from NIQASH, the real story is not as simple as it first appears. As a long, hot summer continues to overheat the […]
Najaf Provincial Council has made a preliminary agreement with a Chinese company for it to build a power station, the head of the energy committee in Najaf told AKnews. He said the $79 million [95 billion Iraqi dinars] oil-fired station will have a capacity of 100 megawatts. According to AKnews, the agreement came after the […]
Basra province is planning to build a 3000-megawatt power generation station in a coastal area overlooking the Gulf, Basra's governor's adviser announced on Wednesday. Central regulations prevent the local provinces from contracting for power generation stations more than 30 megawatts, but the governor has called on the central government to give permission to enter direct […]
