The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
2.5 Million Iraqis and Businesses to Benefit from Improved Electricity Services A new US$200 million World Bank project will provide increased and more reliable supply of electricity to about 2.5 million Iraqis and productive enterprises in the governorates of Basra, Al-Muthanna, Thi Qar, and Missan who currently suffer from frequent and long power cuts and […]
By Farhad Alaaldin for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. It has been six months since Baghdad formed its new government, and no major political crises have arisen. For Iraq, this is unheard of. This could be the result […]
Germany's Siemens and the Iraqi Ministry of Electricity have agreed on the award of contracts valued at approximately EUR 700 million for Phase 1 of their "Iraq Roadmap", covering short-, mid- and long-term addition of new highly-efficient power generation capacity, rehabilitation and upgrade of existing plants, and the expansion of transmission and distribution networks. The […]
UK International Trade Secretary Dr Liam Fox MP has visited Baghdad for a three-day visit (Sunday, 14 April to Tuesday, 16 April 2019) where he met with the Iraqi Prime Minister and announced that UK Export Finance (UKEF) will make an additional £1 billion of support available for British firms operating in Iraq, providing jobs […]
President Hassan Rouhani has called for Iran and neighbouring Iraq to expand their gas and electricity dealings and boost bilateral trade to $20 billion, state TV reported, despite difficulties caused by US sanctions against Tehran. “The plans to export electricity and gas and hopefully oil continue and we are ready to expand these contacts not […]
Iraqi Parliament Speaker Mohammed al-Halbusi said he hopes the United States will keep waiving sanctions on energy imports from neighboring Iran, noting that the Arab country will need to purchase electricity from the Islamic Republic for three years. In November last year, Washington granted a 45-day waiver on electricity to the Arab country and extended […]
By John Lee. The National Investment Commission (NIC) has announced a new investment opportunity in Iraq: Production of tubular and lattice steel poles for electricity, General Company for Communications Equipment and Power (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)
UK Export Finance (UKEF) will support a €30.2 million contract for the refurbishment of Al Mussaib power station in southern Iraq, the UK government has announced. The support will enable the rehabilitation of a 320 megawatt (MW) turbine, that will help improve the overall efficiency and output at the power station. Al Mussaib power station, […]
GE Power has announced that it has provided an advanced 9E gas turbine to Iraq's Al Qudus Power Plant. The company will also service up to seven GE 9E gas turbines at the facility throughout 2019, including maintenance, supply of parts and rehabilitation. GE is installing the new gas turbine at the site and it […]
By John Lee. The Financial Times has reported that the recently-agreed electricity deals with Siemens and General Electric (GE) are not certain to be approved. It quotes Minister for Electricity Luay Al-Khatteeb (pictured) as saying: “I don’t have financial allocations or the processes available at hand, it doesn’t allow me to cherry-pick the right consultancies […]
High-ranking officials from Iran and Iraq on Friday signed two memorandums of understanding (MoUs) and a contract to boost cooperation between the two countries in the electricity industry. At the end of his three-day visit to Iran, Iraqi Minister of Electricity Luay al-Khatteeb signed two MoUs and a contract on the electric industry with Iranian […]
UK Export Finance (UKEF) has announced it will support UK firms with US $1.02 billion to build two new power stations in Iraq and support the restoration of a number of electricity substations in the country. US $1.02 billion in support for UK firms to build two new power stations Agreement will help build and […]
