Iran Economy NewsIraq signs $72 mln power deal with Iran's Sunir

Iraq signs $72 mln power deal with Iran’s Sunir

-

Reuters: Iraq signed a $72 million electricity deal with Iranian power development firm Sunir to expand a plant in northern Iraq by 320 megawatts to help feed the power-starved nation, an electricity ministry official said on Monday.

BAGHDAD, Dec 19 (Reuters) – Iraq signed a $72 million electricity deal with Iranian power development firm Sunir to expand a plant in northern Iraq by 320 megawatts to help feed the power-starved nation, an electricity ministry official said on Monday.

The Iranian company will install two gas units, each with a production capacity of 160 megawatts, at Dibis power plant in northern Kirkuk province, Musab al-Mudarres, a spokesman at the electricity ministry, said.

He said the units, which were purchased from Siemens in 2008, would be installed in just over 14 months.

Dibis currently produces 150 MW.

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

The electricity ministry signed a series of power deals this year to boost the national grid. It plans to add 22,000 megawatts of production capacity across Iraq over the next three years, Deputy Electricity Minister Salam Qazaz said in November.

The deal with Sunir is the second contract awarded to the company. It has already built a $150 million gas power plant in Baghdad, consisting of two units with a total capacity of 320 MW. The first unit became operational this year.

Power disruptions are a chief complaint among Iraqis, with demand far exceeding supply estimated at around 7,000 MW. (Reporting by Aseel Kami; editing by Serena Chaudhry)

Latest news

The Rising Cost of Food in Iran; Hidden Pressure on Large Families

The state-run magazine Niniban published a report on April 29 regarding rising food prices. The report stated: “This is...

Four Decades of Bitter Narratives: May Day as a Day of Wrath, Not Celebration, for Iran’s Workers

Does International Workers’ Day represent a celebration of dignity and status for Iran’s labor force? Do they gather in...

Iran Intensifies Pressure on Families of PMOI Prisoners Amid Expanding Crackdown

Iranian authorities have intensified pressure on the families of political prisoners and executed dissidents in recent weeks, with multiple...

Iran: A Dangerous Country for Journalists

According to Reporters Without Borders (RSF), the state of press freedom worldwide has fallen to its lowest level in...

Iran’s Car Market Experiences Sharp Surge in Prices Afte War-Induced Stagnation

Media outlets in Iran report that the prices of many domestically produced cars have increased by 3 billion to...

UN Officials Call for a Halt to Executions and Repression in Iran

Volker Türk, the United Nations High Commissioner for Human Rights, in a statement published on April 29, strongly condemned...

Must read

U.S. presses Turkey to enforce sanctions on Iran

Reuters: A top U.S. government official prodded Turkey on...

Jailed dissident says Iran leader plans to have him killed

Iran Focus: Tehran, Jul. 24 – Iran’s jailed hunger-striking...

You might also likeRELATED
Recommended to you