Dr. Sami R. Al-Araji, NIC Chairman, emphasized at the press conference held after the investment workshop that investment in power sector would actively contribute in decreasing the electricity crisis Iraq is currently suffering from by providing the electricity demanded.
The workshop was held by the MoE regarding establishing 8 big power stations through investment in various provinces. He also explained in case of speeding up the implementation of this plan, Iraq will get 5000MW additional to the current one.
Dr. Al-Araji said that requests from international companies were received by NIC, with daily and direct coordination with MoE, to invest in power sector with total capacity of approximately 26 thousand MW.
He referred to the three types of investment, first: investor installs new equipments to build the station close to the fuel sources (Oil Refineries), second: purchase equipment from international companies, Siemens and General Electric to be installed and operated according to an approved mechanism. The third type: is represented by establishing a company as a private sector partner to the MoE in installing and operating power stations including equipments imported from Siemens and General Electric.