The MoE is responsible for drawing out Iraq’s electricity planning policy, and management of the Iraqi electrical system, including generation, transmission, and distribution. Various branches of the government of Iraq have undertaken several initiatives to encourage the development of the private sector.
Iraq’s Council of Representatives is currently considering a draft law to grant authority for the MoE to engage domestic and foreign private companies in the production of electricity.
Electricity Regulatory Law –
This pending measure would provide an open and transparent framework for the relationship between the MoE and private power generators. The new Regulatory Office will house all regulation and contract work for Independent Power Producers (IPPs) and Public Private Partnerships (PPPs).
Licensing of Private Power Plants –
The Iraqi Investment Law was amended in 2009 to allow the NIC to license ownership and operation of power plants larger than 30 MW.
MoE-NIC Committee –
The MoE and NIC have established a joint committee to develop an approach to recruit developer-investors for holding investment project for the 4,000 MW generation.