The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
Iraq’s Prime Minister, Nouri al-Maliki, has said on Sunday that his government can’t solve the country’s electricity supply problems without the help of private investment companies, reports Aswat al-Iraq. “The government is unable to increase the electric power alone, without the help of investing companies, and we have information that several businessmen wish to invest […]
According to a report from Bloomberg, the $130 million [150 billion Iraqi dinar] contract to build a 500-megawatt power station in central Iraq has been won by the Baghdad Company for Gas Turbines Ltd. The privately owned company was founded in 1993, and re-registered in 2003. The company is scheduled to build the natural-gas fired […]
The Iraqi government energy committee decided to cancel plans for the construction of four power plants to boost power-generation capacity by 2,750 megawatts, according to Bloomberg. The bids were for a 1,250-megawatt plant near Basra, and three 500-megawatt plants in the cities of Samawa, Diwaniya and Amara. “These proved to be non-profitable for the Electricity […]
Overview Levels of violence rose in Iraq last week, making it the worst recorded by AKE since the national elections were held in March 2010. There were over 90 separate attacks documented, mainly in Baghdad and the districts surrounding it, although the southern city of Basrah also saw a rare suicide attack, potentially conducted by […]
The Iraqi government has approved only $927 million [1.1 billion Iraqi dinars] in the 2011 budget to tackle the electricity shortage in the country. In February, the Ministry of Electricity had demanded $6 billion (6.99 trillion Dinars) to resolve the energy crisis. On top of that an investment of between $3 billion and $4 billion […]
The Province of Karbala is negotiating with Hyundai Motors regarding the construction of mobile electricity plants to serve areas suffering most from blackouts, according to a report from Azzaman. Governor Amaludeen al-Hir said the two sides were discussing building several generators powered by fuel oil, that can withstand the country’s tough weather conditions, particularly the […]
The head of the Basra Investment Commission, Eng.Haidar Ali Fadhil, has announced details of the Faw [Fao] power station: The station will have a capacity of 50 megawatts; The project shall be open for investment companies; Interested companies are required to visit the BIC offices by 12th June; The power station is intended to use […]
A delegation from Kahlid Group in the United Arab Emirates has revealed intentions to invest in a refinery in Dhi Qar, Iraq, capable of processing 300,000 barrels per day, according to Aswat Al-Iraq. The request is still to be submitted to the Iraq Ministry of Oil, but the project should involve work placements for 6,000 people. […]
Korean company STX Heavy Industries has signed an agreement today to install 25 power plants to generate a total of 2,500 megawatts in Iraq, according to a report from Bloomberg. “This is a big event as the company will be establishing 25 plants in a region ranging from the southern city of Basra to the […]
South Korea’s Hyundai Engineering & Construction Co. has started work on a $219 million project to expand a gas-fired power station near Baghdad, Bloomberg has reported. The Al-Quds station located in a suburb northeast of the capital will increase production to 1,400 megawatts from 900 megawatts withing 18 months, according to Qais al-Waeli, a spokesman […]
By Ronald P Verdonk, Agricultural Counselor at the U.S. Embassy in Baghdad. In my last piece I made mention of a sizable irrigation equipment purchase by Iraq’s Ministry of Agriculture and underscored the role the private sector needs to play to contribute to the revitalization of the agricultural sector. In this edition of the blog, […]
Wassit local government has signed a memorandum of understanding with the Indian company BHEL (Bharat Heavy Electricals Limited) to build a 500 MW power station, according to a report from Aswat al-Iraq. Taha Rudaini, a member of the local government's Media Committee, told the news agency that the station will be powered by diesel (black […]
