The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, has inaugurated a 56 MW gas power plant at the Majnoon oil field and supervised the trial operation of the second Central Processing Facility (CPF2) with a capacity of 200,000 barrels per day. The gas power plant will supply electricity to the production facilities in […]
By John Lee. The Iraqi government has approved the recommendation from the Ministerial Council for Energy (24067 T) of 2024 to sign a tripartite agreement involving the Ministry of Electricity, Siemens Energy, and the China State Construction Engineering Corporation (CSCEC). The agreement focuses on the rehabilitation of the Baiji Gas Power Plant (Unit 2), designating […]
By John Lee. The Ministry of Oil has begun supplying the second unit of the Dibis Gas Power Plant in Kirkuk Province with 25 million standard cubic feet per day (MMSCFD) of dry gas. Deputy Minister of Oil for Gas Affairs, Mr. Izzat Saber, said this supply is expected to contribute an additional 85-100 MW […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani opened the Iraqi-Turkish electricity interconnector on Sunday, via a video conference. The new line connects through the Al-Kisk station west of Mosul to supply the northern region with a capacity of 300 MW. The ceremony was attended by the Minister of Electricity. Al-Sudani praised the efforts of […]
By Elizabeth Hagedorn for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US renews sanctions waiver for Iraq to purchase Iranian electricity The waiver issued on July 11 permits Iraq to pay neighboring Iran for electricity imports without running afoul of […]
By John Lee. Iraq's Minister of Electricity, Engineer Ziyad Ali Fadel, has announced that Iraq's electrical system has reached an unprecedented production rate of 27,000 MW. A statement from the Ministry says that this is an increase of 3,000 MW on the same period last year. The minister attributed this success to the continuous support […]
By John Lee. Iraq's Council of Ministers (Cabinet) has approved an increase in financial allocations for the Ministry of Electricity, amounting to 300 billion dinars [$229 mllion] from the operational budget to cover the following projects: 125 Billion Dinars: For urgent plan projects to alleviate distribution sector bottlenecks, including critical projects, feeders, and substation rehabilitation, […]
By John Lee. In its latest session, the Iraqi Cabinet has approved several measures to address the electricity needs during peak summer periods and to develop the country's power infrastructure. The key decisions include: Contract with Mass Holding Company: The Ministry of Electricity has been authorized to contract with Mass Holding Company to supply electricity […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Sunday with the higher committee overseeing the New Sadr City Project. The meeting focused on the steps needed to complete this significant residential project and the overall financing mechanism to ensure all requirements are met. Al-Sudani instructed the Ministry of Electricity to quickly […]
By John Lee. At its most recent meeting this week, the Iraqi Cabinet has approved the purchase prices for electricity bought from Silver Crescent: Energy purchase tariff on gas: $24.94 per megawatt hour (MWh); Energy purchase tariff on heavy fuel: $32.37 per megawatt hour (MWh); Combined cycle energy purchase tariff: $36.81 per megawatt hour (MWh), […]
By John Lee. The Iraqi Council of Ministers has authorised the Ministry of Electricity to extend an invitation (the "sole offer") to the Emirati company AMEA Power to present its proposal to build a 500-MW solar power plant, with the option to add batteries. This move allows the Ministry of Electricity to proceed with the necessary […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the signing ceremony for the Faw Refinery Investment Project, a significant initiative within the framework of Iraq's plan to expand refining capacities and attract foreign investment. The project, a collaboration between the Ministry of Oil's South Refineries Company (SRC) and the China National Chemical Engineering […]
