The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
By John Lee. The World Bank will reportedly lend a total of $200 million to Iraq for upgrades to its electricity grid. According to Basnews, the agreement was signed by Finance Minister Fuad Hussein and Yara Salim, a representative to the World Bank. "There will be attempts to address the problem of power supply in […]
By John Lee. The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister, Adil Abd Al-Mahdi. The Cabinet approved a series of recommendations from the Ministerial Economic Council to support the growth of Iraq’s cement industry and to ensure that production capacity continues to meet domestic demand. No details […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Basra protests build in Iraq as sub-standard services persist In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity sector amid tense […]
By John Lee. General Electric (GE) is reportedly expected to win a large share of the multibillion-dollar contracts to rebuild Iraq’s electricity system. According to a report from Reuters, "under U.S. prodding, Iraq is asking both Siemens and GE to bid on contracts and expects to make awards to each of the companies". Following a […]
By John Lee. The Trump administration has reportedly granted Iraq a 120-day waiver from its sanctions against Iran, to allow it to continue importing electricity from the country during the hottest of the summer weather. The decision followed a phone call on Friday between Secretary of State Michael Pompeo (pictured) and Iraqi Prime Minister Adel […]
By John Lee. Prime Minister Adil Abd Al-Mahdi has met with German Foreign Minister Heiko Maas and his accompanying delegation during a visit to Baghdad. The Prime Minister expressed his desire to deepen relations with Germany, and cited in particular the signing of a road map for the electricity sector with Siemens. Minister Maas expressed […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq electricity minister: US will continue exemptions for Iranian electricity imports In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity […]
US-based Capstone Turbine Corporation (Nasdaq: CPST) has announced today that it has secured an order for two C600 Signature Series microturbines to provide 1.2 megawatts (MW) of energy to power a triethylene glycol (TEG) dehydration facility in the Basra region of Southern Iraq. The order also includes Capstone’s new self-cleaning pulse filtration system which will […]
GE Power (NYSE: GE) has installed and commissioned a new advanced 9E gas turbine at the Iraqi Ministry of Electricity’s (MoE) Al Qudus Power Plant. The site was previously capable of generating up to 1,125 megawatts (MW) of power. With the addition of the new turbine, it can generate an additional 125 MW, which will […]
Washington has exempted Baghdad from some of its unilateral sanctions against Tehran, allowing Iraq to continue importing energy from Iran, according to the US envoy to Baghdad. Baghdad can now buy energy from Iran, US charge d’affaires Joey Hood told reporters on Wednesday, Iran's Press TV reported. The waiver will allow Iraq to continue buying […]
By John Lee. Iraq's Minister for Electricity has warned of the dangers of politicising the problems in the country's electicity sector. Luay al-Khateeb told AFP: "Electricity is a national security issue ... In the end, any political, economic or security crisis in Iraq will affect the whole region -- and the global economy will be […]
By John Lee. Oil Minister Thamer Ghadhban (pictured) has reportedly said on Thursday that Iraq has contingency plans in place to cope with any stoppage of Iranian gas imports. His comments come as the US increases sanctions pressure on Iran. According to Reuters, Ghadhban added that he hopes no such disruption will take place. (Source: […]
