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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Sudanese advisor: Iraq has spent about 100 billion dollars on electricity

    Rocky
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    advisor - Sudanese advisor: Iraq has spent about 100 billion dollars on electricity Empty Sudanese advisor: Iraq has spent about 100 billion dollars on electricity

    Post by Rocky Sun 11 Jun 2023, 4:29 am

    Sudanese advisor: Iraq has spent about 100 billion dollars on electricity

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    Appearance of Muhammad Saleh



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    Economy News - Baghdad
    Adviser to the Prime Minister for Financial and Economic Affairs, Mazhar Muhammad Salih, confirmed that Iraq has spent about $100 billion on the electricity sector over the past two decades.
    Saleh said, "Despite the amounts spent as investments in the production and distribution of electric power, which amounted to about (100 billion dollars), during the past two decades, which are supposed to make our country an electricity-exporting country within the (five-year interconnection) strategies with neighboring countries that became famous in The exchange of surpluses of electrical energy produced a long time ago, but unfortunately the country is still today at a production level that touches 20,000 megawatts, while the actual need is 30,000 megawatts or something like that.
     He stressed that "the Gulf interconnection project comes with the aim of advancing economic development and the business cycle forward at the lowest costs and shortening the time and providing a sustainable supply that feeds the growing desired demand for electric energy (which demand rates are still twice the growth of the available investment and distribution capabilities), which constantly generates sustainability in a gap." Supply and demand, and the losses they always cause in development and economic well-being.
    He added, "Based on the foregoing, interconnection with the Gulf states, in addition to the current interconnection with the Islamic Republic of Iran, has become one of the available means to provide electric power for the country, meet total needs by 100%, and solve the chronic supply and demand gap crisis and its intractable crisis that has been going on since 1991." Until the present time, and certainly, the cost of supply will be built according to the internationally approved competitive principles and the best prices for supplying electrical units in the world.


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