05 December, 2019

Iraq to spend $1.4bln on power transmission and distribution projects

Projects to be launched before summer

Image used for illustrative purpose. Electricity pylons stand near a wind turbine park on September 19, 2019 near Krebitz, Germany.

Image used for illustrative purpose. Electricity pylons stand near a wind turbine park on September 19, 2019 near Krebitz, Germany.

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05 December 2019

Iraq is planning to spend nearly $1.9 billion on projects to develop electricity transmission and distribution facilities, the official Alsabah daily said on Thursday.

The Electricity Ministry has asked the cabinet to approve the funds for the projects, which will be launched before May 2020, the paper said, quoting the Ministry's spokesman Ahmed Al-Abadi.

"This is an urgent plan which must be executed before next summer as the transmission and distribution networks are suffering from old age and overuse," Abadi said.

He said the Ministry had prepared a plan to ensure the projects are executed on time and that funds would be allocated outside the Ministry's budget.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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