The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
By John Lee. A revealing report by Samya Kullab, for AP News, exposes the system of corruption and patronage that keeps Iraq's electricity system in the dark ages. Click here the read the full report. (Source: AP News)
By John Lee. Elsewedy Electric and Toyota Tsusho Corporation (TTC) have reportedly announced the completion of four electrical substations in Southern Iraq. According to Zawya, the $546-million contract was signed in February 2018, with the participation of the Japan Bank for International Cooperation (JBIC), Bank of Tokyo-Mitsubishi UFJ, and Sumitomo-Mitsui Banking Corporation, under insurance cover […]
By John Lee. The Iraqi cabinet has agreed to change the name of the Ministry of Electricity to the Ministry of Electricity and Renewable Energy. A draft law enacting the change will be referred to the House of Representatives (parliament). (Source: Govt of Iraq)
By John Lee. Iraq's Electricity Minister has reportedly said that Iran has suspended exports of electricity to Iraq on Tuesday. According to Basnews, the decision is due to reduced water levels feeding hydro-electric plants in Iran. Iraq had just received a waiver from the US allowing it to continue importing electricity from Iran. (Source: Basnews)
By John Lee. The US State Department has reportedly granted a new sanctions waiver allowing Iraq to continue importing electricity from Iran for another 120 days. More here. (Source: S&P Global)
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Amid Iranian gas shortage, Iraq searches for alternatives Iran's dilapidated gas infrastructure has limited its transfers to Iraq, adding to Iraq's own energy crisis. Click here to read […]
From UNDP: How restoring electricity has transformed the lives of residents in Mosul. Click here to read the full article.
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq takes cautious steps toward privatizing electricity sector With the increasing power cuts in Iraq, calls are mounting to expand privatization as a permanent solution. Click here to […]
By John Lee. Iraq and Jordan have reportedly signed an agreement to implement the electrical interconnector between the two countries. The Iraqi and Jordanian Ministers of Electricity met to discuss the details of the project on Thursday. (Source: Shafaq, Basnews)
By John Lee. Egypt has reportedly agreed to supply 700MW of electricity to Iraq via Jordan. The country's Electricity Minister is quoted as saying that the $2.2-billion project will begin within 18 months. More here. (Source: Energy and Utilities)
GE has announced a comprehensive "Energy Transition Plan" for Iraq, presenting its transformative strategies to support the country's evolution to a cleaner energy future. The plan includes several key pillars that support the government's goals to enhance Iraq's power infrastructure, as well as promote decarbonization and energy sector diversification. The Energy Transition Plan was announced […]
By John Lee. Prime Minister Mustafa Al-Kadhimi chaired the regular session of the Iraqi cabinet on Tuesday. Addressing the ongoing crisis in electricity supply, the cabinet agreed to allocate 50 billion Iraqi dinars ($34 million) for emergency expenses and maintenance of the electricity infrastructure. This will be achieved by profitable Ministry of Oil companies lending […]
