Aiming at finding successful solutions for Electricity problems in Iraq
NIC Participates in the Conference of the Central Plan of the Ministry of Electricity Held in Istanbul
NIC participated in the works of the conference of the central plan of the Ministry of Electricity through a high level delegation headed by NIC Vice Chairman, Mr. Salar Muhammad Ameen, the conference which was prepared by the Ministry of Electricity in cooperation with Parsons Co. was attended by the Deputy Prime Minister, Mr. Hussein Al- Shahrestani and a big number of companies and figures specialized in energy sector.
Dr. Shahristani referred in his speech to the most important projects being achieved and the Ministry’s plan to rehabilitate the available stations and the importance of solving the electricity problem through investment noting that work to connect Iraq with the regional power grid had started referring to the plan suggested to transfer the Gulf countries excess capacity to European countries through Iraqi Grid.
The Deputy Prime Minister added that Iraq is keen to open doors for investors to build new power stations referring to the new investment opportunity announced to build four power stations to be closed at the end of February.
On the same context, NIC Vice Chairman stressed the commission’s readiness to submit all support, facilities and guaranties mentioned in investment law No. 13 for the year 2006 and its amendments presenting the most important privileges and incentives guaranteed by the law.
Mr. Ameen also referred to the active role of the NIC within the committee in charge of supervising investment activities in the Ministry of electricity saying that the National Investment Commission is giving special attention to investment in energy sector as it forms the fundamental base to develop the Iraqi economic base.
The participating investors showed their willingness to enter the Iraqi market through investing in electricity since it represents a promising sector. Opinions and suggestions were exchanged between the commission’s delegation and the participating companies about ways of developing the vital sector and ending the energy problem in Iraq.