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

PSEG Solar to acquire Maryland solar project from juwi

PSEG Solar Source will acquire a 12.9-MW solar energy facility near Waldorf, Maryland from juwi solar (JSI). The PSEG Waldorf Solar Energy Center will increase the capacity of PSEG Solar Source's portfolio to 123-MW.

Ameren Missouri plans $135M in energy efficiency

Missouri's largest electric company said Monday that it plans to invest $135 million in energy efficiency programs for customers over a three-year period.

Follow Power Engineering on Twitter

Latest News

FirstEnergy announces several leadership changes

FirstEnergy Corp. (NYSE: FE) announced several leadership changes in its utility business, ef...

Heysham 1 nuclear reactor shut down for leak

EDF Energy shut down one of two reactors at the Heysham 1 nuclear power plant in the UK.

FERC chair says EPA CO2 plan will affect infrastructure planning

The Environmental Protection Agency (EPA) Clean Power Plan will have a big impact on infrastr...

Longview Power files amended, and maybe final, reorganization plan

Longview Power LLC and its affiliates, including coal producer Mepco LLC, on Jan. 26 filed a ...

Industry reps, regulators to debate Obama carbon limits

Representatives of Wisconsin industries, state regulators and an environmental group are set ...

Pattern grows wind and solar developments in Japan with GPI deal

Pattern Energy Group Inc. (Nasdaq: PEGI) said its Pattern Energy Group LP (Pattern Developmen...

Iran bill would scrap nuclear deal over new sanctions

Iranian lawmakers have proposed a bill that would scrap a landmark 2013 interim nuclear agree...

EPA permit paves way for $500M power plant in South Texas

Federal regulators have issued a permit that paves the way for construction of a $500 million...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

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

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

MOL Group Selects CBX for New C-Store Design

MOL Group Selects CBX for New C-Store Design

Vectren to Achieve Environmental Compliance With New EPA Mandates; Receives Approval to Defer Cost Recovery

Vectren to Achieve Environmental Compliance With New EPA Mandates; Receives Approval to...

Midcoast Energy Partners, L.P. Declares Distribution Increase for Fourth Quarter 2014

Midcoast Energy Partners, L.P. Declares Distribution Increase for Fourth Quarter 2014

NV5 Appoints Alexander Hockman to Board of Directors

NV5 Appoints Alexander Hockman to Board of Directors

Algae Biomass Organization Kicks Off Planning for 2015 Algae Biomass Summit

Algae Biomass Organization Kicks Off Planning for 2015 Algae Biomass Summit

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 >>