Iraq must spend $12bn on power generation
New report says $12bn spend required to meet power demands
vA new report issued by the International Energy Development Organisation has said that Iraq would need to spend $12bn if it wanted to generate enough electricity to meet current demand.
“The projects of the Electricity Ministry to build gas stations are expensive,” said Nidaa Fakher, an official from the Iraq branch of the organisation. “However, these measures are not enough.”
Iraq has been criticised in the report for not developing a central distribution centre for electricity, in an attempt to balance the distribution of power. Currently, the country also doesn’t allow the private sector to participate in investment projects to save energy and Mr Fakher also says that Iraq would need to generate 17,000 megawatts, 3,000 above the current 14,000 megawatt peak demand. Government figures currently show that the current generated energy available to the country is 9,000 megawatts.