The latest electricity news from Iraq – power plants, fuel, construction and more – brought to you by Iraq Business News
Turkey’s Tekfen Insaat, a construction company active in 12 countries, aims to build a power plant in Iraq together with a French company as Iraq’s risk profile improves, chief executive Umit Ozdemir said, according to the Kipp Report. The company is looking into projects in the southern part of Iraq, ha told a conference in […]
Iraq's Electricity Ministry has announced that 11 international companies presented investment projects under the first licensing round to develop the electricity sector in the country. The Iraqi government set February 10th as the deadline for receiving offers under this first licensing round. Musab al-Mudarres, the spokesman of the Electricity ministry told AKnews that the award […]
The Iranian Deputy Energy Minister Mohammad Behzad (pictured) has said the Iranian-built Al Sadr power-plant in Iraq is an important project which is now ready to come on stream. IRINN quoted the minister as saying that the first unit of this 324 MW plant has been completed and is waiting for its fuel supply, and […]
On February 14, the National Iraqi News Agency reported that the import tariff increases originally scheduled to go into effect on March 6 are being suspended until further notice. (The story is at http://www.ninanews.com/english/News_Details.asp?ar95_VQ=FFHEEK.) This is not surprising. With protestors already in the streets in some places, now can hardly be the best time to […]
The Iraqi Ministry of Electricity said on Tuesday it had signed a contract with Hyundai, of South Korea, for the construction of four new power generating stations at the al-Quds [al-Qudus] Gas Plant. Musaab Mudarris, the spokesman for the ministry, said the construction of the four new stations with a capacity of 125 megawatts (MW) […]
The Electricity Ministry says it needs $8 billion [9.6 trillion Iraqi dinars] this year to pay its debts and finance current and new projects. The sum amounts to nearly 10 percent of the country’s budget, reports Azzaman. “The sum is needed to pay the ministry’s debts and finance new projects to revive the power sector,” […]
Iraqi residents are to receive their first 1,000 kilowatt-hours of electricity each month free of charge, the Ministry of Electricity said on Saturday, according to Reuters. The move follows protests over poor electricity supply and basic services. In the most recent demonstration, hundreds of people gathered in Baghdad on Friday to protest shoddy services and […]
Starting March 6, Iraq will begin imposing import tariffs ranging from zero to 80%. For many products, this will be a big increase. Up to now, importers have been subject to a uniform tariff of only 5%, which covered everything except food, medicine, books, clothing and products related to humanitarian assistance or Iraq’s reconstruction. (For […]
With unrest in several Arab cities, many in the region are worried about the risk of contagion. The latest flashpoints are Egypt, Tunisia, Yemen, Jordan and Algeria; but is Iraq vulnerable as well? The people certainly have a lot to complain about. Electricity The heat and increased use of air conditioning put a major strain […]
A spokesman for the Iraqi Ministry of Electricity said on Saturday that resolving the energy crisis that has plagued the country in recent years will cost an estimated $6bn [7.2 trillion Iraqi dinars]. Musab al-Mudaris told AKnews that the ministry has asked parliament to provide appropriate funds in the 2011 budget to resolve the shortcomings […]
Iraq’s Ministry of Electricity has today issued a tender for the supply of equipment at Mosul power station. Please click here to download details (in Arabic only). The closing date for the receipt of bids is 15th February. The Ministry has also issued tenders for the rehabilitation of boilers in Salahadin. Please click below to […]
South Korea's Hyundai Engineering & Construction has reportedly won a contract worth $219 million to build a 500 megawatt power station near Baghdad, as part of the Iraqi government's efforts to address power shortages, a government spokesman said Wednesday. Ali al-Dabbagh, who is also a minister of state, told Dow Jones Newswires after a weekly […]
