The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
Baghdad provincial council announced on Thursday that it has allocated 50 billion Iraqi dinars ($40 million) from its budget to purchase 360 electricity generators to be distributed throughout the capital in order to reduce the acute shortage of energy, noting that these generators, with the help of civil generators, will provide 2200 MW for the […]
The Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, has been nominated to the post of Acting Minister of Electricity, along with his current post, the semi-official Iraqiya TV Satellite Station reported on Wednesday. “Prime Minister, Nouri al-Maliki, has assigned his Deputy for Energy Afffairs, Hussein al-Shahristani, to hold the administration of the Minister of […]
The Iraqi Electricity Ministry has said that a third Turkish ship will arrive within a few days in the Umm Qasr port (pictured) to supply 108 megawatts of power to Iraq's struggling electricity grid. A spokesman for the ministry has added that two other Turkish floating power plants off southern Iraq supply a total of […]
Iraq's Ministry of Electricity said on Wednesday that it had received bids by three foreign companies to build a 1,014 megawatt gas power plant in the town of Taji, 20 km (12 miles) north of Baghdad. Reuters reports that South Korea's Hyundai Engineering & Construction bid at around $500 million, Egypt's Orascom Construction at $463 […]
The latest scandal at Iraq’s ministry of electricity involves multi-billion dollar “phantom deals” with a German and Canadian company. The minister of energy has been asked to resign. But according to a report from NIQASH, the real story is not as simple as it first appears. As a long, hot summer continues to overheat the […]
Najaf Provincial Council has made a preliminary agreement with a Chinese company for it to build a power station, the head of the energy committee in Najaf told AKnews. He said the $79 million [95 billion Iraqi dinars] oil-fired station will have a capacity of 100 megawatts. According to AKnews, the agreement came after the […]
Basra province is planning to build a 3000-megawatt power generation station in a coastal area overlooking the Gulf, Basra's governor's adviser announced on Wednesday. Central regulations prevent the local provinces from contracting for power generation stations more than 30 megawatts, but the governor has called on the central government to give permission to enter direct […]
The big news this week is the sacking of the Iraqi electricity minister, following the revelation that two recently-announced power generation contracts were, let's say, 'questionable'. While the idea that a government and civil service can be fooled by a website and a company presentation may seem far-fetched, bear in mind that in Iraq the […]
Reuters reports that Iraq’s government has admitted to being duped when it signed multi-billion dollar power plant contracts with foreign companies that it later discovered were either bogus or had lied about their financial status. The announcement is embarrassing for Nouri al-Maliki’s government as it tries to lure foreign investors into Iraq. “These contracts damaged […]
As we reported yesterday, the Iraqi prime minister, Nouri al-Maliki, has fired the electricity minister, Raad Shallal, following highly questionable energy deals conducted almost a year ago. It was thought that the sacking may be politically motivated, because the minister had been appointed by a top rival to the prime minister. Now the picture gets more […]
Iraq's prime minister has fired his electricity minister, who is under investigation following allegations that he failed to follow government guidelines in the signing of $1.7 billion in power generation deals with two foreign companies. The minister Raad Shalal signed the deals in question with the Canadian Alliance for Power Generation Equipment (Capgent) and the […]
According to reports from Reuters, the Korean giant STX Group has played down the possibility that its $2.76 billion power deal with the Iraqi government may collapse. Following report that STX was running out of time to secure a third party financial guarantor, the shipping-to-energy conglomerate says the contract does not mention a three-month deadline […]
