Iraq power minister welcomes foreign firms

26 January 2004 - Iraq's interim minister for electricity, Ayham al-Sameraei, said Sunday that foreign investors would be invited to undertake power generation projects to alleviate the country's acute power shortages.

The ministry of electricity is to ask foreign and Iraqi companies to set up power companies that can own and sell power to Iraqis. The ministry will offer build-own-transfer (BOT)and build-own-operate (BOO) contracts. The ministry will soon announce detailed investment proposals after obtaining approval from the U.S.-appointed interim Iraqi Governing Council, he told a news conference in Baghdad.

Under a BOT contract, the investor builds power plants and sells electricity to the ministry for a period before transferring ownership to the government. Under a BOO contract, the ministry pays for electricity for a contract period, after which point the ownership remains with the investor.

Sameraei said Iraq was planning to work on 201 power projects worth $6.4bn over the next two years. These will set up new power generation stations, rehabilitate old ones, improve distribution and carry out other maintenance.

He said Iraq planned to increase its power production from current levels of 3,000 megawatts to around 7,000 MW by the beginning of June this year.

Sameraei said Iraq has signed contracts with neighbouring countries to buy 700 MW, of which Syria will provide 50 MW, Turkey 200 MW, Iran 100 MW, Kuwait 200 MW and Jordan 150 MW.

Last week, Iraq signed a contract with Southeast Texas Industrial Services Inc. of Buna, Texas, to build a power plant in Baghdad worth $281 million, an electricity ministry official said.

Iraq's old power stations are in a state of disrepair and can provide electricity for only two to three hours a day.

Sponsored by FLSmidth

Related Articles

Hinkley Point B nuclear reactor taken offline for scheduled maintenance

One of two nuclear reactors at Hinkley Point B in the UK was taken out of service for a £40 million ($60.1 million) maintenance outage.

New facility will use landfill gas to power Anaheim homes

Officials in California’s Orange County yesterday announced the start of construction on a new facility that will convert landfill gas to electricity at the Frank R. Bowerman landfill east of Irvine.

Follow Power Engineering on Twitter
Latest News

EIA: Coal-fired generation alive and well in the coming decade

Coal-fired power generation from existing plants will increase through 2025, this according t...

Report: Nuke dump radiation leak could have been prevented

A radiation leak that forced the indefinite closure of the federal government's only undergro...

Areva’s nuclear reactor vessel flaws may be “costly”

The French nuclear regulator says anomalies found in Areva’s nuclear reactor technology are “...

Southern Power acquires 32MW solar project from First Solar

Southern Co. (NYSE: SO) subsidiary, Southern Power, has acquired controlling interest in...

Second robot completes survey of Fukushima reactor containment vessel

A second shape-shifting robot completed a survey from inside of the Fukushima Daiichi nuclear...

PacifiCorp considers joining California ISO

PacifiCorp signed a memorandum of understanding to explore full participation in the Californ...

Herbert: Uranium shouldn't be in Utah before federal review

Gov. Gary Herbert said Thursday that he wants federal regulators to review how hazardous a ty...

Environmentalists press for bill to expand solar power

Environmentalists are urging lawmakers to back a bill they say would help more residents inve...

Power Engineering Current Issue

01/01/2015
Volume 119, Issue 1
1501pe-cover-lg
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Buyers Guide Categories

Buyers Guide Product Listings

Sargent & Lundy Construction Management Services

Providing complete construction management and ...

Mechanical Services

Expert mechanical services range from boiler ma...
Power Industry Wire News

Dais Analytic Corporation Appoints Eliza Wang to Board of Directors

Dais Analytic Corporation Appoints Eliza Wang to Board of Directors

Magnum Hunter Resources Chairman and CEO to Present at IPAA OGIS New York 2015

Magnum Hunter Resources Chairman and CEO to Present at IPAA OGIS New York 2015

GEI Global Energy Corp. Explores Solar Opportunities

GEI Global Energy Corp. Explores Solar Opportunities

Envision Solar Installs Solar-Powered EV Charging Stations in San Francisco as Part of "Driving on Sunshine" Campaign

Envision Solar Installs Solar-Powered EV Charging Stations in San Francisco as Part of ...

ZBB Energy and Solar Power, Inc. (SPI) Announce Global Strategic Partnership With an Initial Supply Agreement Valued at Between $80 Million and $120 Million

ZBB Energy and Solar Power, Inc. (SPI) Announce Global Strategic Partnership With an In...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>