Siemens: We will add 11 thousand megawatts to the Iraqi electricity network in four years[You must be registered and logged in to see this image.]
Siemens said Wednesday it will provide 11 megawatts to Iraq's electricity grid in four years, adding that it will provide thousands of education opportunities for Iraqi youth and tens of thousands of jobs in the new Iraq.
"According to the roadmap, Siemens plans to add 11,000 megawatts of new power to the Iraqi electricity grid over a four-year period," Siemens CEO Joe Kaiser said in a statement. "The project will provide sustainable energy, And will increase the current generation capacity in the country by 50% and will increase the rates of transmission and distribution of electricity in Iraq, especially in the southern regions.
Over the past 12 months, Siemens experts have conducted a thorough and integrated analysis of the Iraqi energy system. They found that as demand for electricity increases steadily every year, Iraq needs to increase its capacity to generate 40 GW by 2025, "The company is fully aware of the enormous pressures on the national electricity network in Iraq at the moment, especially during the summer, and the reduction of loads and power cuts is a daily crisis for each family and Iraqi company, and each community in Iraq, and the Iraqi economy as a whole.
"The roadmap we have set for Iraq will provide reliable and sustainable electricity throughout the country, with thousands of education opportunities for Iraqi youth and tens of thousands of jobs in the new Iraq," he said. .
"It will help the Iraqi government manage appropriate funding packages from global commercial banks and export credit agents and get the support of the German government," Kaiser said, stressing that the important project will not only strengthen and strengthen the partnership between Iraq and Siemens, but also deepen the common relations between Iraq and Germany. "Our extensive international experience confirms that Siemens' investments are paving the way for more investments by German companies in the countries we collaborate with."
"We will also provide a $ 60 million software grant to enable Iraqi university students to acquire advanced digital skills," said Kaiser, who will be able to deal directly with the Siemens Life Cycle Management and Training ( PLM ) program. The world's largest automaker, is currently on the program, along with 20 other major aerospace companies and the world's top 20 aircraft engine manufacturers.
In other words, we invest in the long term and believe that playing a central role in the development of local skills and talents is a key part of our role in supporting sustainable development. For us, Social responsibility One of our top priorities is that people need real and profitable jobs, and we want to cooperate to achieve this on the ground. "
Siemens, a German company, is seeking a contract to develop electricity in Iraq, which it has been suffering for years, due to the lack of aging electric power stations and poor distribution.