Chairman of the National Authority for Investment … Confirms that the investment optimal solution to end the electricity crisis in Iraq

Chairman of the National Authority for Investment … Confirms that the investment optimal solution to end the electricity crisis in Iraq

While attending a workshop on investment held by the Ministry of Electricity
The head of the National Investment Commission, Dr. Sami Raouf al-Araji, said the investment in the electricity sector will contribute effectively to ease electricity crisis currently experienced by the country and contribute to bridge the shortfall between the desired and the supply of electric power.
This came during a press conference held on the sidelines of the workshop on investment held by the Ministry of Electricity on the establishment of eight power stations big by investing in various provinces, noting that in the case to speed up the implementation of the plan to establish these stations will receive Iraq on the energy of five thousand Mika Watts, in addition to the existing current.
Araji disclosed receipt of requests to the body of international companies with a total investment of convergence (26) thousand megawatts was done in coordination with the Ministry of Electricity directly and daily.
And patterns of investment in the electricity sector said al-Araji, that there are three modes to invest the first to come investor with new equipment for the establishment of the station, near fuel sources (oil refineries), while the second mode is to be the purchase of equipment that was imported from my company (Siemens and General Electric) Wars so as to speed up the installed and operated according to the agreed mechanism and the third pattern is the establishment of a private joint stock company established for the purpose of participation of the private sector and the Ministry of Electricity in the installation and operation of power stations, including imported equipment from two companies (Siemens and General Electric).

Greetings in the press office of the National Authority for Investment