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Khatib: We need $ 3 billion immediately to develop electricity

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Khatib: We need $ 3 billion immediately to develop electricity Empty Khatib: We need $ 3 billion immediately to develop electricity

Post by rocky on Tue 10 Sep 2019, 3:49 pm


Khatib: We need $ 3 billion immediately to develop electricity

13:50 - 10/09/2019



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Information / Translation ..
Electricity Minister Louay al-Khatib said on Tuesday that [You must be registered and logged in to see this link.] needs three billion dollars immediately to develop the transmission and distribution network in [You must be registered and logged in to see this link.] , stressing that [You must be registered and logged in to see this link.] continues to rely on Iran to meet its energy needs.
"We have a fast track plan to modernize distribution and transportation, including $ 2 billion for electricity and $ 1 billion for distribution," Khatib was quoted as saying in The National newspaper.
"This amount is required immediately to make the national grid capable of providing 20 hours of electricity throughout [You must be registered and logged in to see this link.] , but all this is subject to approval by the House of Representatives on the budget."
"I am open to the lines of credit for financial support to finance these projects, but this requires the approval of the Council of Ministers when it comes to planning budgets and government loans," noting that " [You must be registered and logged in to see this link.] hopes to achieve the capacity of 22 MW to generate power by next summer."
He explained, that `` in 2019, the ministry helped provide 19 gigawatts of electricity so far, '' pointing out that `` [You must be registered and logged in to see this link.] currently depends on [You must be registered and logged in to see this link.] 's neighbors to import gas to meet the needs of electricity and is unlikely to isolate itself from reliance upon any time soon" .
“We are very open to secure fuel and electricity supplies to complement our requirements so that we can develop the gas capacity to meet the needs while at the same time communicating and dealing with various neighboring countries on alternatives based on the best offers,” he said. It can offer us the best deal, which has nothing to do with the identity of that country until we achieve a level of self-sufficiency in developing our own capabilities, ”he stressed. Finished / 25 z


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