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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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    Establishment of an investment authority to finance electrical interconnection projects between Iraq

    Rocky
    Rocky
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    • Post n°1

    Establishment of an investment authority to finance electrical interconnection projects between Iraq Empty Establishment of an investment authority to finance electrical interconnection projects between Iraq

    Post by Rocky Wed 11 Aug 2021, 6:56 am

    Establishment of an investment authority to finance electrical interconnection projects between Iraq and Saudi Arabia

    •  Time: 08/11/2021 13:27:17
       
    •  Reading: 364 times

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    {Economic: Al Furat News} The Minister of Electricity and Agency Adel Karim held an electronic meeting with the Saudi National Electricity Company, in the meeting room of the Ministry's headquarters, in the presence of the Undersecretary for Transportation and Distribution Affairs Nizar Qahtan Al-Tamimi and a number of general managers.
    The Minister began the meeting by warmly welcoming the Saudi team, and reviewed the importance of achieving and proceeding with the electrical connection, and expressed the Ministry's readiness to return to the dialogue table regarding the capacity and quantity of energy and determine the appropriate connection points, while discussing the project's cost, benefits, goals and path, in addition to reducing the tariff price for energy purchase due to the high prices. Sent by the Saudi side to achieve mutual gains, and thus the ministry wishes to calculate the tariff on the basis of price equations and according to oil prices and their equations.
    For his part, the Director General of the Operation and Control Department spoke about determining the connection through Yusufiya, Samawah, and Haidaria stations, and there were many suggestions between connecting to the Samawa station and then connecting the Arar-Yusufiya lines, a proposal that needs to be studied, and finally establishing an independent network between the two sides to reap the benefits future through competitive prices compared to the prices of the Gulf market for energy.
    The Minister of Electricity confirmed to the agency, "The desire to connect through Arar - Yusufiya, according to a specialized technical study, with the progress of the strategic connection to the Yusufiyah station."
    The meeting also dealt with the energy purchase mechanism and its rationale, as the Iraqi side indicated that it does not object to purchasing energy at all times of pregnancy to achieve the reliability and stability of the network, according to the principle of paying energy wages according to the payment system, provided that the total prices include the price of the cost of constructing the lines, with the exchange of agreements and studies. Technical specifications for the maturation of the project in terms of cost, economic and commercial feasibility and technical specifications.
    At a time when the Iraqi side expressed the desire to establish an investment authority to finance the linkage, as in the Gulf link, the Saudi side made it clear that it is working on developing the project and all the joint strategic projects between the two countries through the proposal to establish an investor board that will supervise and finance these projects, and there will be facilities Specific to bypass obstacles that would delay implementation.
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