Iraq signs a contract with a consortium of Norwegian companies to produce 525 megawatts of electric power
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The head of the National Investment Authority, Suha Al-Najjar, said on the sidelines of signing the contract, which was attended by Shafak News Agency; The Ministry of Electricity and National Investment signed a contract with a consortium of companies led by the Norwegian Scatec, Orascom and Al-Bilal, to produce a total of 525 megawatts of electrical energy through solar energy,” noting that “the project has been offered for investment since 2019, which was put up in a bidding manner and submitted by 43 international companies.” ".
She added that "the investment cost of the contract will be up to 500 million dollars," noting that "the project is one of the important projects for the Iraqi economy and the provision of a clean environment."
from his side; Deputy Chairman of the Ministerial Council for Energy and Minister of Oil, Ihsan Abdul-Jabbar, considered that signing the contract is a qualitative shift in clean energy in Iraq, sustainable development, maximizing the returns of the national economy, benefiting from natural resources, adhering to environmental determinants, and reducing liquid fuels in the production of electric power.
"This contract is the third after signing a contract with Total and the Egyptian-Emirati Company for the production of clean electric energy," he added.
for his part; Director of the Norwegian KASPC Company, Abdulaziz Al-Yathribi, said that "the coalition was able to obtain this project through the tender put forward by the Ministry of Electricity, at the lowest energy price."
He added, "The coalition signed two projects to produce energy through solar energy in the Alexandria region in Babylon and Karbala," noting that "the project will provide thousands of direct and indirect work opportunities for Iraqis, in addition to enabling Iraq to obtain renewable energy in the Arab world and the world."
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