Iraq signs an agreement with the World Bank to promote electricity in four provinces

Iraq signs an agreement with the World Bank to promote electricity in four provinces

2019/07/07 05:43:14

Iraq signs an agreement with the World Bank to promote electricity in four provincesIraq signed with the World Bank a loan agreement worth 200 million dollars to develop the electricity sector in the southern provinces of the country.
The Deputy Prime Minister for Economic Affairs and Minister of Finance Fuad Hussein signed a memorandum of understanding with the Bank’s representative in charge of the government’s program to strengthen the relationship between Iraq and society and benefit from the expertise of international organizations. The International Conference on Iraq Yara Salem, on Sunday, a project agreement aimed at developing and strengthening electrical systems in the southern provinces.

“This project will contribute to the increase in electricity supply and regularity, in addition to the reconstruction and rehabilitation of the network of transmission lines and distribution and the installation of new transmission lines and substations and information systems that enhance the capacity of the network to deliver electricity to citizens,” pointing out that “this project will serve 5.2 million citizens in The provinces of Basra, Muthanna, Dhi Qar and Maysan. ”

Iraq relies on Iranian gas to feed several power plants, and imports about 1.5 billion standard cubic feet per day via a pipeline in the south and east.

Washington seeks to curb Iranian influence in the Middle East, including Iraq, where Tehran enjoys good relations at all levels.

Although Iraq has one of the largest reserves of natural gas in the world, it is slowly moving towards extraction and depends on the supply of gas and electricity from Iran.

shafaaq.com