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Turkey

Turkey to provide Iraq with electricity - media

Dec 12, 2014, 12:49:54 PMArticle by Gabriel Hershman
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ISTANBUL (Turkey), December 12 (SeeNews) – Turkey will establish a plant in Iraq which will work with capacity of 3,000 megawatts of electricity, said Turkish energy minister Taner Yıldız, as reported in Turkish media on Friday.

Turkey to provide Iraq with electricity - media

The Iraqi government is also conducting proposals with investors for projects to have a reserve of 4,500 megawatts of electricity, in light of severe power shortages, Iraq's electricity minister Qasim al-Fahadawi said during a meeting of the Bosphorus Energy Club in Istanbul, as quoted in daily Sabah.

Iraq plans to build up 15,000 megawatts of electricity, and has already awarded contracts for 6,000 megawatts, Fahadawi said.

He added that Iraq is looking for $5.0 billion (4.2 billion euro) to fund transmission and distribution, and is seeking to defer payments for four years because of budgetary constraints and the ongoing fight against ISIS.

($=0.8042 euro)

 

 

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