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Details of the recent Iraqi-Chinese talks about financing projects within the framework agreement
[ltr]2023.03.07 - 22:08[/ltr]
[ltr]2023.03.07 - 22:08[/ltr]
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Baghdad - Nas
Today, Tuesday, the Minister of Electricity, Ziyad Ali Fadel, discussed with the Chinese Export Bank (Sanyo Shore) the possibility of financing strategic projects within the Iraqi-Chinese framework agreement.
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The ministry said in a statement, which “NASs” received a copy of, (March 7, 2023), that “Minister of Electricity Ziyad Ali Fadel chaired a high-level meeting with the Export Bank of China (Sanyo Shore), in the presence of the ministry’s advisor and a number of general managers,” noting that "The Minister welcomed the guest delegation and thanked them for their support in financing a number of large and important projects in the production sector, such as (Rumaila, Shatt Al-Basra, and Maysan Investment Stations), which returned with production that supported the national electrical system."
She added, "The minister affirmed the government's tendency to achieve solid partnerships financially and economically with everyone, and its desire to open up to everyone and develop cooperation with the People's Republic of China."
The Chinese delegation expressed, according to the statement, "its great pleasure at the seriousness and relentless pursuit of the minister, and his clear desire to establish infrastructure, and they expressed their high confidence in proceeding with the ministry and according to what it proposes to finance a large number of projects."
The ministry's advisor reviewed "the types of projects, the size of the technical and financial guarantees, and their mechanisms," stressing that "our plans include combined cycles, thermal stations, solar power stations, and others."
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