The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
By John Lee. Kurdistan's Qaiwan Group has secured two loans totalling $105 million to refinance part of the firm's investment in the 442-MW Bazian Power Plant (pictured). According to a report from Trade Arabia, Deutsche Bank has arranged an eight-year $75-million buyer credit, along with the Dubai branch of Lebanon's Bankmed. The finance is being […]
Switzerland's ABB has won an order worth around $100 million from Mass Global Holding to deliver a gas-insulated switchgear (GIS) substation that will help integrate 3,000 megawatts (MW) of electricity generated by a combined cycle power plant, utilizing Iraq’s natural gas resources. The government is rebuilding the country, investing in national housing programs and has […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Engineers say the Mosul dam in northern Iraq is the world's most dangerous - despite millions of dollars that have been spent to strengthen it. They need more cash - after discovering that […]
Mayor of Tikrit: With the help of UNDP, people have reestablished essential services for our community The Mayor of Tikrit, Omar Tariq Ismail, says he is proud of the progress his city has made in the past seven months following liberation from the control of the Islamic State of Iraq and the Levant (ISIL). “With […]
By John Lee. An explosion on Friday has damaged a section of the pipeline that supplies gas for about half of the electricity generation in Iraqi Kurdistan. The KRG's Interior Ministry said an investigation was underway to find the cause of the explosion near the district of Shwan. The pipeline feeds gas from the Khor […]
By John Lee. Iraq has reportedly agreed a $328.8 million deal with General Electric. Electricity Ministry spokesman Musab al-Mudaris told Reuters that GE will provide equipment and maintenance for 10 power plants across the country, boosting capacity by 1,000 megawatts (MW). He added that Baghdad will pay GE in instalments over three years, starting in […]
By John Lee. Prime Minister Dr. Haider Al-Abadi has inaugurated the new 500-MW Najibiyah gas power station in Basra province. The Prime Minister congratulated the citizens and the people of Basra on this important achievement which will increase the supply of electricity. Dr. Haider Al-Abadi said electric power is the lifeblood of the country and […]
A US$1.2 billion loan will support Iraq in strengthening fiscal stabilization and improving efficiency in the energy sector to help counter the effects of the drop in oil prices and rising security costs. The World Bank Group’s Board of Directors acknowledged the Government of Iraq’s engagement in a rigorous reform program and approved the Emergency […]
In a ceremony attended by Japanese new Ambassador to Iraq, Mr. Fumio Iwai, KRG Prime Minister Nechirvan Barzani inaugurated the 36 megawatt hydropower project near Deralok town in Duhok Governorate. The project is funded by the Japan International Cooperation Agency (JICA) within the framework of Japan’s loan to Iraq. Earlier last week, Prime Minister Barzani […]
By John Lee. The Prime Minister Dr. Haider Al-Abadi chaired a meeting of the Ministerial Committee on Energy (pictured) on Monday. The meeting discussed the status of power supply and the importance of working to improve it, including a proposed project for 400 KV electric transmission lines on deferred payment basis; a program of maintenance, […]
Further building on its partnerships to support Iraq’s power sector, GE (NYSE: GE) has received an order from Mass Global Investment Company to provide advanced gas turbines for a new 3-gigawatt (GW) power plant in Bismayah, only 30 kilometers away from Baghdad within a massive housing development project. The Bismayah plant will support Baghdad and […]
By Robert Tollast. Iran will be supplying an extra 10 million cubic metres of gas per day to Iraq under a modification of a deal that originally allowed for 25 million cubic metres per day. This is a continuation of a deal in 2013 where Iran would supply gas to Iraqi power plants, Tasnim news agency reports. […]
