Iranian company to build 10 power plants in Iraq
Source: OilPrice.com , Author: Charles Kennedy
Posted: Tue August 9, 2011 10:28 pm

INTERNATIONAL. Following an agreement with the authorities of Diwaniyah in southern Iraq, the Iranian company Ego group will construct 10 electricity generating plants with a total capacity of 40 megawatts in Diwaniyah province, 120 miles south of the capital Baghdad.
 
Iran will increase its overall supply of electric power for Iraq by nearly a third, according to a recent agreement between the two neighboring countries, according to Iranian Energy Minister, Majid Namho.
 
During a recent meeting in Tehran with Iraq’s Electricity Minister, Raad Shallal Saeed al-Any, Namho said that “Iran’s power exports for Iraq, now estimated at 800 megawatts, are expected to rise to 1,250 megawatts, according to a decision taken by both countries recently,” The Voice of the Islamic Republic of Iran Radio 1 reported.
 
Namho added that “a 400-megawatt line – Karkha-Amara is nearly complete this summer, being a part of Iran’s planned electric power exports for Iraq. The Iraqi side has confirmed the necessity to construct the Khorramshahr-Abuflous line, expected to be completed by the summer of 2012, through sending a technical team and the settling of outstanding problems, in order to increase Iran’s electric power for Iraq from its present level to 1,250 megawatts.”
 
Note. Charles Kennedy is Deputy Editor at OilPrice.com.

This article is republished with permission from OilPrice.com.

For more information on oil prices and other commodity related topics please visit www.oilprice.com

© 2011 OilPrice.com. All rights reserved

 

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 30, 2014
SAUDI ARABIA. IMF Executive Board Concludes 2014 Article IV Consultation; Saudi Arabia has supported the global economy through its stabilizing role in the global oil market.
date:Posted: July 30, 2014
INTERNATIONAL. One aspect of this war is that both sides apparently found it necessary, despite knowing it would have no definitive military outcome. The question therefore is not what the point of all this is but where all this ends.
date:Posted: July 30, 2014
INTERNATIONAL. S&P opinion "reflects the increasing need for life and health insurance products in those countries as well as some largely underdeveloped personal lines, such as property."
dhgate