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Iraq Minister of Electricity addresses audience at Iraq Energy Projects.

Iraq approves private investment programme for power plants

: Saturday, March 01 - 2014 @ 14:17

Iraq’s cabinet has approved opportunities for investment for up to 6,000MW of new power capacity, MEED’s Iraq Energy Projects conference has been told.

Speaking at the conference, Karim Aftan al-Jumaili, Electricity Minister, Iraq told delegates, “The Iraqi cabinet has approved granting investment opportunities for 6,000MW for plants in Iraq – this is just one of many investment opportunities.”

In addition, Al-Jumaili said, “21,000MW of new power capacity was planned in order to meet forecasted capacity in the coming years, with about 6,000MW of new capacity in the contract negotiation phase while an additional 15,000MW project was under study.”

Al-Jumaili also highlighted opportunities in converting existing power plants from simple open-cycle to the more energy efficient combined-cycle technology. There are plans to convert about 8,000MW of existing capacity to combined-cycle, the conference was told.

In addition to building new generation capacity and improving transmission and distribution networks, the electricity minister also spoke of the government’s plans to introduce legislation to reduce wastage in the sector. “We need legislation for fees and collection… this would reduce wastage,” said Al-Jumaili.

As part of efforts to make plants more efficient, Al-Jumaili said, “The ministry was planning to reduce the use of crude oil in power generations, and switch to gas turbines in all plants.”

On its penultimate day, Iraq Energy Projects will highlight Basra’s energy vision, focusing on project priorities and the current security situation. An official progress update including new opportunities for the private sector and schedule for on-going projects to meet power demand will also be presented towards the end of the conference. Iraq Energy Projects 2014 is supported by Taqa as Strategic Event Sponsors, Voltamp as Bronze Sponsor, and APR Energy as Conference Sponsor. Khudairi Group and Lafarge have signed onboard as Networking Sponsors, and EID Construction as Commercial Sponsor.

For more information, please contact:
Anthon Garcia
MEA Communications
Mob: +971501398661

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Saturday, March 1- 2014 @ 14:17 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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