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The Ministry of Electricity announced on Tuesday that the value of the contracts in accordance with memorandums of understanding signed with the German companies Siemens and General Electric will reach 25 billion dollars, indicating that it will contribute about 25 thousand megawatts of energy over the next five years.
"The contract with Siemens is worth 10 billion dollars and will be paid by 15 percent of the grant from the German government of 350 million dollars," ministry spokesman Musab al-Mudar told the official Sabah newspaper. Which was awarded to the ministry in accordance with the donor conference held recently in Kuwait, in addition to the one and two grants of 500 million euros in 2017 and the same for 2018.
The teacher added, "As for the rest of the amounts, the ministry called for a meeting including the Ministries of Finance and Planning and Siemens (Siemens) to develop payment mechanisms in a manner consistent with the interest of all parties and ensure there is no delay in the completion of projects."
"The roadmap set by Siemens is based on three levels, the first is short (3 - 6) months to add 805 MW to the system, and the second average between (10 - 20) months to provide the system card up to 2400 MW, The third is a long (24 - 36) months to add six thousand and 300 MW.
He explained that "the road map prepared by the company (Siemens) is to equip Iraq with new generating units in addition to the delivery of Iraq two large power stations each of up to 2400 MW will be located in the provinces of Nineveh and Babylon," noting that "the memorandum of understanding contains several contracts, Work between the Ministry of Electricity and the Council of Ministers' Secretariat of the Council of Ministers. "
On the memorandum of understanding signed with General Electric Company, the electricity spokesman said that "the agreement provides for the system to be supplied with 14 thousand megawatts (3-5 years) for 15 billion dollars, noting that the company has submitted a plan by means of payment and funding method, The ministry is currently studying them. "
"The agreement also provides for the maintenance and servicing of existing power stations and the conversion of simple cycle power plants to the vehicle, which can help add new energy without additional fuel consumption or emissions, as well as the construction of new power plants with Efficient and reliable energy generation technology ".
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