Revenue grew by 24% to $7.38 billion.
US extends Iraq’s sanction waiver for four months
The extensions follow a visit to Washington by Iraqi Prime Minister Mustafa al-Kadhemi to meet US President Joe Biden.
Powering Iraqi homes one switch at a time
Iran decided last month to cut power supplies to Iraq, saying the it owes it more than $6 billion in arrears. That has left Wataniya unable to keep up with soaring demand in the country.
Solar panels power rebel-held Syrian areas
UNDP says at least 90 percent lack a stable power supply across Syria In rebel areas, there is little hope of state-provided electricity Huge solar panels poke out of pumpkin and tomato fields in Syria’s rebel-held northwest, where after infrastructure was destroyed during a decade of war, many have...
GE to develop Iraq’s power infrastructure, promote clean energy
GE will help Iraq develop power infrastructure It will also promote clean energy in the country General Electric (GE) will help Iraq develop power infrastructure and promote clean energy in the country. The plan includes several key pillars that support the government’s goals to enhance Iraq’s power infrastructure, as well...
Iraq to build 2,000MW solar power projects in tie-up with a UAE-based firm
The project is the biggest investment in Iraq's renewable energy industry Iraq is planning to build a number of power plants in the coming years Iraq is looking to build solar power projects in central and southern Iraq, with a total capacity of 2,000 megawatts, and it has teamed up...
Egypt to soon start work on Saudi power link project
Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project This will increase grid capacity to 2,000 megawatts Egypt and Saudi Arabia will soon launch the African country’s electrical interconnection project, said local reports on Tuesday, June 15. This “major scheme” will increase grid capacity to...
China in talks with Abu Dhabi National Energy to buy 10% stake
The negotiations are ongoing and there is no certainty about reaching an agreement Based on its current share price, the stake could cost China $4.2 billion China Southern Power Grid Co. is on the verge of acquiring about 10 percent of Abu Dhabi National Energy Co. (TAQA), according to Bloomberg....
