Iraq offers stakes in new power turbines


Iraq offers stakes in new power turbines
	Posted on 26 Feb 2010

	Reuters reports that the Iraqi Electricity Ministry is looking for private sector partners to take stakes in new electricity plants. The offer is open to both domestic and foreign investors. Details of the potential deals were unclear, but the ministry said investors would be repaid from future electricity sales. The state has multi-billion dollar orders in place for gas turbines from both Siemens and General Electric, and they are expected to add nearly 9,000 megawatts of capacity. Improving the electricity supply is a very high priority for the country. (Source: Reuters)


E-mail Print

	Also Consider Reading: Iraqi investments at industrial estates in Jordan stand at $ 70 million Syrian private sector gets green light to invest in airports and power plants Iraq investors wary but optimistic: survey $100 billion invested in Baghdad Iraq to resolve housing crisis Saudi Arabia investments in Jordan reach $ 1.97 billion Turkish companies’ assets in Kurdistan exceed $ 600 million Saudi Arabia may attract $36b of FDI in 2010 -UNCTAD official FDI in Lebanon at $4.8bn in 2009, highest in the Arab world Investment in Iraq could bring rewards