Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
Iraq has signed a $1.2 billion contract with Canada's Capgent to build 10 power stations with a total capacity of 1,000 megawatts in a bid to meet local demand, Reuters reports. A ministry spokesman told AFP that the plants were to be constructed within 12 months in the provinces of Anbar, western Iraq, and in […]
Mott MacDonald is owner’s engineer for the conversion of Arbeel Power Plant in Erbil, Iraq from simple cycle to combined cycle. The project, on behalf of Mass Global Investment Company (MGI), will be the first combined cycle gas fired plant in Iraq. The existing plant consists of eight 9E gas turbines, manufactured by GE, operating […]
Lanco Infratech Ltd. (LANCI) of India signed an $81.3 million contract to build a gas-fired, 250-MW power station in western Iraq. Masaab Serri, an Electricity Ministry spokesman, told Bloomberg that the company is scheduled to build the plant within 16 months in Al-Qaim, in Anbar province in western Iraq, using natural gas from the nearby […]
Iraq’s Prime Minister, Nouri al-Maliki, has said on Sunday that his government can’t solve the country’s electricity supply problems without the help of private investment companies, reports Aswat al-Iraq. “The government is unable to increase the electric power alone, without the help of investing companies, and we have information that several businessmen wish to invest […]
Major sewerage projects in Baghdad and Fallujah are being launched shortly at an overall cost of close to $140 million [168 billion Iraqi dinars], the Ministry of Municipalities and Public Works on announced Monday. The ministry’s media advisor, Jassim Mohammed, told AKnews that $72.5 million has been allocated to a sanitation scheme in Baghdad’s northern […]
The rehabilitation of the Iraqi capital of Baghdad requires an investment of $15 billion [18 trillion Iraqi dinars] over the next 10 years, Baghdad’s Mayor said on Sunday. Sabir al-Issawi [Saber al-Issawi] (pictured) gave the figure in response to a question addressed to him by Iraq’s Prime Minister, Nouri al-Maliki, in a meeting attended by […]
The Iraqi Parliament ratified two memoranda and two letters containing the Japanese loan to finance a number of electrical and water projects on Sunday. The loan is reportedly valued at 87.84 billion Japanese Yen [$1.1 billion, 1.3 trillion Iraqi dinars]. A statement, issued by the parliamentary media center, said that the loan is "to rebuild […]
According to a report from Bloomberg, the $130 million [150 billion Iraqi dinar] contract to build a 500-megawatt power station in central Iraq has been won by the Baghdad Company for Gas Turbines Ltd. The privately owned company was founded in 1993, and re-registered in 2003. The company is scheduled to build the natural-gas fired […]
The Iraqi government energy committee decided to cancel plans for the construction of four power plants to boost power-generation capacity by 2,750 megawatts, according to Bloomberg. The bids were for a 1,250-megawatt plant near Basra, and three 500-megawatt plants in the cities of Samawa, Diwaniya and Amara. “These proved to be non-profitable for the Electricity […]
The Iraqi government has approved only $927 million [1.1 billion Iraqi dinars] in the 2011 budget to tackle the electricity shortage in the country. In February, the Ministry of Electricity had demanded $6 billion (6.99 trillion Dinars) to resolve the energy crisis. On top of that an investment of between $3 billion and $4 billion […]
The Iraqi government says it will dig 1000 wells every year to address the drought that has depleted much of Iraq’s water resources. Director of planning at the Ministry of Water, Ali Hashim, said it has completed 500 wells throughout the Iraqi provinces. "The ministry intends to make more effort to exploit groundwater for human […]
Under the title, “Rethinking Strategies for a Sustainable Future”, the national conference on the Marshlands was held in Basrah on 6 – 7 June, in order to build a national consensus on the basic principles that will guide future projects and activities in the Marshlands and raise awareness of the prospects for rehabilitating the area. […]
