Iraq launches new 200MW Missan power plant
Korea's STX completes $220m project to boost Iraqi grid
Iraqi Electricity Minister Kareem Aftan Al-Jumaili has officially launched a new US $220 million power station in Missan, aimed at bolstering power production in the country. The new facility, which has a capacity of 200MW, has been constructed by South Korea’s STX Corporation who will now also be responsible for maintaining the plant for the next two years. As well as meeting energy demands, the site is expected to provide a boost to employment opportunities within the local province.
The additional capacity will immediately make a modest contribution to alleviating the intense energy shortages Iraq is currently enduring – with the country currently only producing around 7,000 MW of electricity, whilst demand is over 15,000 MW. The country currently is only able to ensure electricity supplies for 8 hours each day, with frequent power outages, which has forced Iraq to look to expensive energy import deals to cope with peak summer demand.
Under the deal, Iraq will pay 50% of the project costs after one year of operation and then pay the remainder after two years.