Tag Archives | Electricity In Iraq

The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News

World Bank Financing Iraq's Power Generation

A second tranche of a World Bank loan to Iraq, amounting to $741 million [890 billion Iraqi dinars], will be allocated for the improvement of the country’s electricity sector, an Iraqi academician and economist said on Sunday. “The agreement between Iraq and the World Bank offered Iraq a $3.6-billion credit, the first tranche of which […]

Russian Company to Invest in Maysan Gas

An initial agreement has been reached with a Russian company to invest in gas produced from the Missan oilfields, the Chairman of the local council’s energy committee said on Tuesday. “The agreement will help to increase the revenues allocated to the province, and to meet the local demand, in addition to using the gas produced […]

Russian/Swiss Firm to Build 2 Power Stations in Amara

The local administration in the province of Maysan [Missan] has reportedly agreed a deal with a Swiss-Russian firm to set up two power stations  in the city of al-Amara, according to Aswat al-Iraq. “The Missan local government agreed today (Sept. 25) with Russia’s Wintercroft Capital to build two steam-operated power stations with capacities of 650 […]

500 New Power Transformers for Maysan

The Iraqi government has purchased 500 power transformers from its Industry Ministry to upgrade the electricity supply in the Maysan province. “The total cost of the deal is around $4.4 million [5.3 billion Iraqi dinars],” the ministry said in a statement of Wednesday, according to Aswat al-Iraq news agency. It explained that according to the […]

US General Predicts Years of Electricity Shortages

The US general charged with the military's reconstruction efforts in the Middle East said on Tuesday that Iraq will need at least another three years before it is able to satisfy current electricity demand,  but this demand continues to rise as Iraqis purchase more consumer goods for their homes such as refrigerators and air conditioners. […]

Siemens Eyeing up Electricity Investments in Basra

Germany's Siemens is eyeing up electricity investments in Basra. “A delegation from Siemens met today (Sept. 2) with officials of the provincial council’s electricity committee to discuss ways to carry out projects in the power sector in Basra,” Ziyad Ali told Aswat al-Iraq news agency. “The delegation expressed readiness to carry out power projects in […]

150 Power Transformers Arrive in Maysan

Around 150 electricity transformers have arrived on Saturday in Maysan [Missan] as part of an Iraqi government’s grant to the province. “The grant totals at $100 million [120 billion Iraqi dinars],” a local media source told Aswat al-Iraq news agency. He explained that the new transformers will be installed within the coming days. “The new […]

Iraq Signs Electricity Deal with French Firm Alstom

French energy infrastructure firm Alstom signed a memorandum of understanding with Iraq on Wednesday to build a power plant in southern Iraq, which is suffering a severe electricity shortfall. According to a report from AFP, Alstom is also set to renovate an existing power plant in the city of Najaf that it built 35 years […]

New Electricity Projects Throughout Iraq

The Iraqi Industry Ministry has ordered its factories to work on generating electricity required for production, to minimize the load on the national electricity network. The ministry noted that power shortage is causing losses to its factories. “The ministry has issued contracts to purchase large generators for this purpose,” the ministry said in a press […]

Iraqi Provinces Permitted to Construct Power Plants

The government has given the green light to Iraqi provincial authorities to invest in power plants. The move comes amid reports that the central government has almost given up hope of revamping the national grid on its own. The move is also part of the government’s new policy to grant provincial authorities and private entrepreneurs […]