[size=30]The government authorizes finance to sign a loan agreement worth $ 133 million[/size]
04/01/2018 11:21 | Number of readings: 512
Trend Press / Baghdad
The Council of Ministers decided to authorize the Minister of Finance Agency to sign the Swedish loan agreement on the financing of a series of projects under the Ministry of Electricity with a total amount of 133.24 million dollars.
The Council of Ministers pointed out that this decision comes to support electricity projects and energy saving for the Iraqi citizen.
In December last year, Iraq received $ 120 million in loans from foreign banks for 2018 with Swedish guarantees to complete projects of the Ministry of Electricity and $ 160 million from the German Guarantees Institution.
In August last year, a British agency announced $ 117 million in funding for General Electric and Inca UK Training to help build two gas-fired power plants in Iraq.
Japan also agreed in August to provide a loan of 195 million dollars to the Iraqi electricity sector. "