The Office of the Iraqi Prime Minister Haider Al-Abadi has announced on Thursday about the signing of an important contract for the construction of 2 new power plants.
These power plants will be established in Muthanna and Dhi Qar. The office of Haider Al-Abadi issued a statement that a contract agreement has been signed to build electricity generating stations in two provinces Muthanna and Dhi Qar. The total capacity of 1500 Megawatts will be generated from both stations and each station will have the capability to generate 750 Megawatts electricity. These electricity generating stations will provide a significant amount of electricity for the people of Dhi Qar and Muthanna. The estimated total cost has estimated at more than one billion and 49.4 billion U.S dollars. It will motivate most local and foreign investors to participate in the economic development in the country.
The Iraqi Prime Minister Haider Al-Abadi has a number of future plans for the people of Iraq in order to provide them essential services and basic needs for their daily life. This contract will also provide a path in offering jobs for Iraqi people. The Company was also agreed for the maintenance of the existing power generating plants in the country. It would provide a handsome support in getting 2 thousand Megawatts more electricity. The statement further indicated that the contract was signed by the government of Iraq and the Electricity Minister, Engineer Qassim Muhammad Fahdawi with the CEO of General Electric Company, Steve Jolles. Point to be noted that electric power crisis in Iraq is still a major issue, in spite of the Iraqi government had spent at least 35 billion U.S dollars over the past years, but it didn’t change the situation in the country. It is important that the poor security situation in the country and damages in the electric power plants by the terrorists had reflected bad impact on the power sector.