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Economy News - Baghdad
The Minister of Electricity, Adel Karim, identified the most important gains achieved from the connection with Jordan, and while he explained that it will be in 3 phases and will support the country’s economy and investment movement, he revealed a move to launch new alternative energy projects next year, with a size of 5,000 megawatts.
The minister said, in a press statement seen by "Al-Iqtisad News", that "the interconnection line project with Jordan consists of 3 phases, the first will provide 150 megawatts, the second 500 megawatts, and the third 900 megawatts, and it is hoped that the line will be fully completed next summer."
He added, "The line will supply Al-Qaim district and neighboring areas with electric power as a first stage to end the problem of processing in those areas far from the generation and production centers, and the second phase will support the western region with electricity."
He added that "the third phase will witness linking the line with the Iraqi national network to support it as a whole," stressing that "the line will contribute to operating phosphate plants in Akashat in Anbar Governorate, encouraging local and international investment to establish other plants in the western region, especially in phosphates. It will also support the industrial zone project between Iraq and Jordan and support country's economy.
He pointed out that "Iraq has an ambitious plan to connect it to the electricity of neighboring countries such as Turkey and the Gulf states, and there are 4 lines with Iran, and Iraq wants to be a corridor for the global energy market between the Gulf and Europe through Turkey and vice versa, and the current line with Saudi Arabia will be completed within 30 months and it transfers energy according to a technology that allows transmitting energy for thousands of kilometres.
Regarding the cost of establishing the line with Jordan, he explained that "Iraq will bear the cost of 300 km that will extend in its territory, while the Jordanian side will bear the cost of construction in their lands, and electricity will be sold to us according to an agreed-upon price formula."
With regard to alternative energy projects, Karim said, "The Ministry of Electricity has taken a big step in implementing 7500 megawatts of generation projects through solar energy as a first stage, in agreement with international and regional companies, and we will launch other projects with a capacity of 5000 megawatts next year."
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Added 10/07/2022 - 4:09 PM
Update 10/08/2022 - 12:27 PM
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