By John Lee. As part of government efforts to diversify Iraq's energy mix and reduce reliance on fossil fuels, the National Investment Commission (NIC) has awarded four major investment licences in the renewable energy sector during 2025. NIC Chairman Dr. Haider Mohammed Makkia [Makiyya] re-announced the licences on Wednesday, noting their alignment with Iraq's National […]
By John Lee. Iraq's Cabinet has this week approved an agreement between the Iraqi Ministry of Electricity and Al-Bilal Group, a limited general contracting company, which includes a reduction in the power purchase tariff for two solar power station projects in Karbala (300 MW) and Alexandria (Iskandariya) (225 MW). The agreement reduces the price from […]
By John Lee. The Iraqi Ministry of Industry and Minerals has been hit by a financial scandal with the disappearance of 120 billion dinars [$92 million] from one of its companies. An Investigation and Control Division's official, who recently moved to the General Company for the Automotive and Equipment Industry in Iskandariya [Alexandria], in Babil […]
By John Lee. Norwegian company Scatec has reportedly decided not to proceed with its solar projects in Iraq. The firm, whose main shareholder is Equinor (formerly Statoil), told MEES that it has decided to focus on "carefully selected markets", and not to proceed with the projects in Iraq. In October 2021, Iraq's Ministry of Oil […]
By John Lee. The Iraqi Cabinet has approved the Ministry of Electricity entering into a the contract for the construction of two solar energy projects in Karbala (300 megawatts) and Alexandria/Iskandariya (225 megawatts). The Ministry of Oil had previously announced the project in October, involving a consortium of companies led by the Norwegian Scatec, whose […]
By John Lee. Iran Khodro (IKCO) has said that 2,500 units of its Samand model (pictured) are expected to be produced this year in its Iraq plant. The site at Iskandariya has been upgraded with new equipment, and now has the capacity to make 45 to 50 cars per day. (Source: IKCO)
By John Lee. Iran’s main car manufacturer is set to raise its production level in Iraq by producing 3,000 vehicles per month. Iran Khodro (IKCO)'s Deputy CEO for Export, Saeed Tafazzoli, said its Iraqi partner had decided to allocate most parts of its production lines to IKCO’s vehicles. “IKCO’s rivals have failed to grab the […]
By John Lee. Iran Khodro (IKCO) has reportedly announced its intention to increase production at its Iraq plant from 50 cars a day to 100. The plant, in the central Iraqi city of Iskandariya, is IKCO’s largest car plant outside Iran. According to a report from Just Auto, a drop in transportation fees and a […]
