Iran News ...


12/16/11

Iran to Expand Iraq Power Industry

Source: Fars News Agency

Iraq's power ministry officials announced that they have endorsed electricity deals with Iran and China to build and expand the country's power plants.

Iraqi Electricity Ministry Spokesman Musab al-Mudarres said his ministry has endorsed deals with Iranian and Chinese firms worth $1.2 billion to build a thermal power plant and upgrade another in Iraq.

Al-Mudarres said Iranian firms Farab Co. and Ameran Ofogh Co. were awarded work worth around $70 million to double the capacity of a Baghdad power plant to 640 MW by adding two gas units which were purchased from Siemens in 2008.

He said China National Machinery and Equipment Corporation (CMEC) won a $1.189 billion deal to build a thermal power plant with two 630 megawatt units in Salahuddin province north of Baghdad.

The Salahuddin power plant is expected to go online in 45 months while expansion of Baghdad's Sadr City gas plant will be finished in 12 months, Mudarres said during the signing ceremony.

Iraq is trying to ramp up electricity production as it rebuilds after years of war and international sanctions.

Power disruptions are a chief complaint among Iraqis, with demand far exceeding supply estimated at around 7,000 MW.

Iran and Iraq have enjoyed growing ties ever since the overthrow of the former Iraqi dictator, Saddam Hussein, in 2003.

Both sides are working on a series of plans to take wide strides in expanding their ties.

Early in July, Iran and Iraq agreed to boost the value of their trade exchanges to $20bln in the near future.

... Payvand News - 12/16/11 ... --



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