By John Lee. Kurdistan's Council of Ministers has reportedly approved a proposal from the KRG's Ministry of Electricity to privatize the Region's electricity sector. Ministry official Mohammed Ahmed told Rudaw on Wednesday: "The government and the people will both benefit from it as it will help reduce a significant amount of stolen electricity." More here. […]
Tag Archives | Electricity In Iraq
The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
US Welcomes New Iraq Govt; Extends Iran Sanctions Waiver
By John Lee. US Secretary of State Mike Pompeo (pictured) has welcomed the formation of a new government in Iraq following months of instability. In a phone call with the new Prime Minister, Mustafa Kadhemi, he said that the US would not enforce sanctions on Iraq buying electricity from Iran for 120 days "as a […]
Tags: electricity imports, Electricity In Iraq, featured, Iran, Mike Pompeo, mn, sanctions, United States
Iraq Reduces Energy Imports from Iran by 75%
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq reduces energy imports from Iran by 75% Iraq has reduced its electricity and gas imports from Iran by 75 per cent after achieving a strong […]
Iraq's Power Conundrum: How to Secure Reliable Electricity
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. This article was originally published by the LSE Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq's Power Conundrum: How to Secure Reliable Electricity While Achieving Energy Independence Iraq remains […]
New Power Plant opens in Umm Qasr
A 29 MW gas-fuelled power plant supplied by the technology group Wärtsilä to the Umm Qasr Ports Authority Zone in Basra, Iraq, commenced commercial operations in February. The plant ensures availability of a reliable supply of electricity to the port's operations, which had previously been subject to frequent power interruptions. The Wärtsilä plant was ordered […]
Tags: Al Basra, Butec, Electricity In Iraq, featured, General Company of Iraqi Ports, mn, Prime Metro Power Holdings Corporation, Umm Qasr Port, Wärtsilä
Umm Qsar Power Plant begins Operation
Prime Power Middle East (PPME), a wholly owned subsidiary of Prime Metro Power Holdings Corporation, has commenced operation of its power plant in Umm Qasr, Basra. The power plant started its commercial operation last Sunday, 09 February 2020, and is designed to deliver base load of 24/7 power to the Umm Qasr Ports Authority Zone. […]
Tags: Basra News, Electricity In Iraq, featured, GCPI, General Company of Iraqi Ports, International Container Terminal Services Inc (ICTSI), mn, Phillipines, Prime Metro Power Holdings Corporation, Prime Power Middle East (PPME), Umm Qasr, Umm Qasr Power Plant (UQPP)
Iraq "likely" to get New Waiver for Iran Gas Imports
By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq likely to continue importing Iranian natural gas under US waiver renewal Iraqi officials have indicated that the United States is likely to renew a key Iran sanctions waiver […]
Trump "Would Support" Siemens in Iraq
By John Lee. The CEO of Germany's Siemens has said that US President Donald Trump would support his company's role in reconstruction projects in countries like Iraq. Joe Kaeser (pictured) made the comment to CNBC at the World Economic Forum (WEF) in Davos, Switzerland. Following a hotly-contested competition in 2018, it was agreed that Siemens […]
Tags: Donald Trump, Electricity In Iraq, featured, GE, General Electric, germany, mn, Siemens, United States, World Economic Forum (WEF)
Iraq may Stop Iran Gas Transfers if US Waiver Ends
By John Lee. The head of Trade Bank of Iraq (TBI) has reportedly said that the bank would stop processing payments for Iranian gas imports if a US sanctions exemption expires next month. Faisal al-Haimus told AFP: "As a bank, the most important thing we have is that we are compliant (with international regulations). That's […]
Tags: electricity imports, Electricity In Iraq, featured, gas imports, Iran, mn, sanctions, Trade Bank of Iraq (TBI), United States
Iraq signs Electricity deal with GCC
By John Lee. Iraq has reportedly signed a deal with the Gulf Cooperation Council Interconnection Authority (GCCIA) to import electricity at a rate of 500 megawatts of electricity from Sunni Arab gulf countries before next summer, Iraqi Ministry of Electricity spokesperson a told state newspaper on Thurday. According to Rudaw, the GCCIA will fund the […]
Tags: electricity imports, Electricity In Iraq, featured, Gulf Cooperation Council, Gulf Cooperation Council Interconnection Authority (GCCIA), Kuwait, mn
MAN provides 53 MW of Electrical Power to Iraq
Germany's MAN Energy Solutions is providing a drink can factory of the Royal Can Making Company (RCMC) in Iraq with six MAN 18V32/40 CD engines, with a total capacity of 53 megawatts (MW). The recently constructed power plant in Baghdad, the capital of Iraq, will supply power to the RCMC manufacturing site and also to […]
Power Grids of Iran, Syria to Be Connected via Iraq
Power Grids of Iran, Syria to Be Connected via Iraq: Minister Iranian Energy Minister Reza Ardakanian said his ministry plans to connect the country’s national grid to Syria through Iraq as Tehran and Damascus signed a preliminary agreement in this regard. Speaking on the sidelines of a ceremony to sign a memorandum of understanding (MoU) […]