Page 97 - investment-map-En-2021

90 Iraq Investment Map 2020-2021

2- Electricity Sector

Electricity sector in Iraq
presents a number of attractive
investment opportunities to

local and foreign investors.
The government has ambitious
plans aiming at raising the
sector's capacity through

motivating investors in the
fields of building, operating
and supplying.

The Ministry of Electricity (MoE) has sought to activate the role of the
private sector in several fields like finance, quick construction and the

contribution in raising the additional generation capacity to cover the
country’s need. The demand has grown furiously mainly by the essential
consumer of electricity, families, in the recent years. Since the national
power grid does not meet the local needs of the Iraqi families, they are

forced to pay large amounts of money to be provided with electricity
from the private sector.

MOE realizes that the current lack of electricity is the main obstacle for
investments in all sectors since it is essential for the diversification of
economy in the country.

The plan is to reach 24-25 thousand megawatt 2020-2021.

Current production is about 18 thousand megawatts 2019.

This sector has shared %1.1 of the GDP in the constant prices for 2016.