Electricity: Privatization provides $ 7.5 billion annually

Electricity: Privatization provides $ 7.5 billion annually

05/02/2017 0:00

Electricity - Privatization provides 7.5 billion annuallyAsthsalha civil and governmental generators , the owners of the citizens of
Baghdad / Tariq al – Araji ,
the Ministry of Electricity announced that the value of the amounts paid by the citizens annually to private generators and government owners, up to $ 10 billion, confirming that the privatization of the distribution sector is the best solution to stop the depletion of the incomes of citizens and the country ‘s economy, as provide 7 billion and a half billion dollars.
In the meantime, it revealed the Iranian side paid, $ 350 million out of one billion and 200 million dollars Bzmtha to meet Iran ‘s energy supply to Iraq.
Ministry spokesman Musab teacher, between in a special interview for Ā«morningĀ»: that his ministry calculated value paid by citizens annually to the owners of private generators and the government that once stood ten billion dollars, adding that the number of registered electricity service at the Ministry amounted to four million while the total number of non – registered of them (squatters) 750 thousand.
He noted that the best solution to stop the attrition of the real incomes of citizens and the country ‘s economy, is the privatization of the distribution sector, pointing out that the value of what would be paid by citizens to investment companies following the implementation of the privatization experience, will not exceed a quarter of the value of the said amount.
He said the teacher: The investment in the distribution sector will contribute to the side to stop the waste amounts, in the solution of energy experienced by the country through load management and control completely and regulate consumption crisis, in addition to progress the service provided to citizens through the ease and speed of installation counters and smart standards and for the citizen full share of electric power.
He continued: The investment distribution sector will end Aldhaiat in the distribution and collection of wage electricity completely, as well as urging citizens to rationalize energy consumption and stop Aldhaiat which is currently estimated at 60 percent of the energy produced, in addition to reducing the provision for generators of civil fuel consumption, which acted the state huge amounts of money.
Ministry spokesman, disclosed that the country ‘s output of energy currently stands at 14 thousand MW, what the ministry of citizens is equipped with electricity duration ranging from 18 to 24 hours, revealing in regard himself to pay the ministry’s $ 350 million out of one billion and 200 million dollars to Iranian side of the debt owed by his ministry to meet with Iraq ‘s processing of 1,200 MW per day.
He stressed that energy production will exceed 15 thousand megawatts by next month, after the introduction of units of electricity Basmajh plant which will convert 90 percent of its output to the capital, noting that the station has been completed in full and awaiting D nutritious plant gas pipeline, which is facing problematic squatters at home.

alsabaah.iq