INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Iraq to partner with General Electric to build 400 energy plants

Iraq has been facing a chronic shortage of electricity due to the blockade and consecutive wars. (QNA)
  • Iraqi Minister of Electricity Ziyad Ali Fadel said that the Ministry in this regard has discussions and contracts with General Electric and other American companies
  • He said the ministry is engaging in negotiations with Siemens to maintain and rehabilitate the old generating plants manufactured by the company

Baghdad, Iraq–Iraq has begun constructing 400 energy plants of high-quality specifications in all regions across the country.

In a press statement, Iraqi Minister of Electricity Ziyad Ali Fadel said that the Ministry has discussions and contracts with General Electric and other American companies to implement some of these projects.

He pointed out that such companies will implement projects with high-quality specifications to ensure stability of the plants for long years to come.

Also read: Schneider Electric says electricity use in Iraq rising annually by 10 percent

The first phase of the signed contracts, specially in the field of energy transfer in 2019 and 2020 with Siemens company, was entirely completed, Fadel said, pointing out that the ministry has managed to equip over 14 plants and operate them across Iraq.

The ministry is engaging in negotiations with Siemens to maintain and rehabilitate the old generating plants manufactured by the company, he pointed out.

Iraq has been facing a chronic shortage of electricity due to the blockade and consecutive wars.