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[size=48]Iraq Says Saudis to Sell It Power at a Fraction of Iran's Price[/size]
July 29, 2018, 7:56 AM CDT
Saudi Arabia agreed to build a solar power plant and sell the electricity to Iraq at a steep discount to supplies the war-torn country previously bought from the kingdom’s regional arch-rival Iran.
The deal, which hasn’t been approved yet by Iraqi authorities, includes building a 3,000-megawatt plant in Saudi Arabia within a year of the signing of the agreement, Iraq’s Ministry of Electricity spokesman Mussab Serri said by phone. Iraq will buy the electricity for $21 per megawatt-hour, or a quarter of what it paid Iran for the imports, Serri said.
Protests have [You must be registered and logged in to see this link.] this month, spurred by anger over unemployment and inadequate public services including power and water shortages ever since the U.S.-led invasion of 2003. Iraq halted purchases of electricity from Iran in July, exacerbating a gap between the supply of electricity and consumption that has resulted in rolling power cuts.
Iraqi Prime Minister Haider Al-Abadi suspended Electricity Minister Qassim Fahdawi on Sunday while the government investigates why the power service is poor. Two weeks ago, Iraq formed a committee to come up with plans to address protesters’ concerns, and allocated 3.5 trillion dinars ($3 billion) to support services that would address their issues.
[You must be registered and logged in to see this link.]
July 29, 2018, 7:56 AM CDT
Saudi Arabia agreed to build a solar power plant and sell the electricity to Iraq at a steep discount to supplies the war-torn country previously bought from the kingdom’s regional arch-rival Iran.
The deal, which hasn’t been approved yet by Iraqi authorities, includes building a 3,000-megawatt plant in Saudi Arabia within a year of the signing of the agreement, Iraq’s Ministry of Electricity spokesman Mussab Serri said by phone. Iraq will buy the electricity for $21 per megawatt-hour, or a quarter of what it paid Iran for the imports, Serri said.
Protests have [You must be registered and logged in to see this link.] this month, spurred by anger over unemployment and inadequate public services including power and water shortages ever since the U.S.-led invasion of 2003. Iraq halted purchases of electricity from Iran in July, exacerbating a gap between the supply of electricity and consumption that has resulted in rolling power cuts.
Iraqi Prime Minister Haider Al-Abadi suspended Electricity Minister Qassim Fahdawi on Sunday while the government investigates why the power service is poor. Two weeks ago, Iraq formed a committee to come up with plans to address protesters’ concerns, and allocated 3.5 trillion dinars ($3 billion) to support services that would address their issues.
[You must be registered and logged in to see this link.]
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