Latest news with #AhmedMousa
Iraqi News
4 days ago
- Business
- Iraqi News
Iraq finalizes deal to import Turkmenistan gas, boosting power generation by 2000MW
Baghdad ( – Iraq's Ministry of Electricity announced on Thursday (July 10, 2025) that it has completed all administrative and technical preparations to import natural gas from Turkmenistan, after the Council of Ministers approved the import contract this week. Ministry spokesperson Ahmed Mousa stated that this strategic move aims to compensate for the current shortage in Iranian gas supplies. The agreement will secure 14-15 million cubic meters of gas per day, which is expected to fuel power stations to generate over 2,000 megawatts (MW) of additional electricity. Mousa explained that the ministry is now awaiting the Trade Bank of Iraq (TBI) to finalize the financial procedures, such as opening the letter of credit, to begin the purchase. He noted that while power plants are currently stable after recent maintenance, a full and stable gas supply is crucial for operating at optimal efficiency, as using alternative fuels reduces output. This deal is a key part of the Iraqi government's strategy to diversify its energy sources and enhance the stability of the national power grid.
Zawya
24-06-2025
- Business
- Zawya
Iraqi power generation down to 25 GW
Iraq is producing nearly 25 gigawatts (GW) of electricity which is far below actual consumption in the OPEC producer, an official has said. Maintenance and rehabilitation of a number of power facilities could increase Iraq's electricity generation to nearly 28 GW. 'This is not possible now because of the shortage in gas supplies needed to feed those facilities,' Electricity Ministry spokesman Ahmed Mousa said. Mousa, quoted by the official news agency on Monday, said actual power needs are much higher than current production due to the surge in Summer demand. 'The Ministry has prepared an emergency plan for summer but we need more gas supplies to operate facilities that have been rehabilitated,' he said. Iraq relies heavily on gas supplies from Iran, which has slashed exports over the past few months due to a surge in domestic consumption. (Writing by Nadim Kawach; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Yahoo
28-05-2025
- Business
- Yahoo
Vicore to Present at the Jefferies Global Healthcare Conference
STOCKHOLM, SE / / May 28, 2025 / Vicore Pharma Holding AB (STO:VICO), unlocking the potential of a novel class of drugs, angiotensin II type 2 receptor agonists (ATRAGs), today announced participation in the Jefferies Global Healthcare Conference: Location: New York, USA Format: Presentation and 1x1 meetings Presentation Date and Time: Thursday, June 5 at 4:20 PM ET Webcast: Participants: Ahmed Mousa, CEO, and Megan Richards, VP of IR The company's management will also be available for meetings at the conference. Interested parties may access the webcast replay on the Events & Presentations page of Vicore's website for 90 days following the conclusion of the event. For further information, please contact:Megan Richards, VP of IR, Communications, and Portfolio Strategy, tel: +1 978 269-4372, Jeppsson, CFO, tel: +46 70 553 14 65, About Vicore Pharma Vicore Pharma Holding AB is a clinical-stage pharmaceutical company unlocking the potential of a new class of drugs with disease-modifying potential in respiratory and fibrotic diseases, including idiopathic pulmonary fibrosis (IPF). The company's lead program, buloxibutid (C21), is a first-in-class oral small molecule angiotensin II type 2 (AT2) receptor agonist, which has received Orphan Drug and Fast Track designation from the United States Food and Drug Administration (FDA) and is currently being investigated in the global 52-week Phase 2b ASPIRE trial in IPF. The company is publicly listed on the Nasdaq Stockholm exchange (VICO). AttachmentsVicore to Present at the Jefferies Global Healthcare Conference SOURCE: Vicore Pharma Holding View the original press release on ACCESS Newswire
Rudaw Net
16-05-2025
- Business
- Rudaw Net
Jordan to supply Iraq's electrical grid with 150-200 MW by August
Also in Iraq Iraq begins registering land for Development Road Green Climate Fund approves Iraq's $1.3bn climate program Iraqi electoral body to open candidate registration May 25 Over 100 public figures denounce trial of Kirkuk Kurdish farmer as 'political' A+ A- ERBIL, Kurdistan Region - Jordan's state-owned electricity provider said the second phase of a project to supply Iraq with power is nearing completion and is expected to deliver 150-200 megawatts by August, as Baghdad races to ease summer shortages. 'The project is nearing completion at this stage and is expected to supply the Iraqi side with about 150-200 megawatts,' said Sofian al-Bataineh, the director of the Jordanian National Electric Power Company (NEPCO), state media Petra reported. Petra said NEPCO is increasing efforts to complete the phase in August. In February 2024, Jordan signed an agreement to supply electricity to Iraq, building on a foundation laid in October 2022. On Thursday, Ahmed Mousa, spokesperson for Iraq's electricity ministry, told Rudaw that the first stage of the project has been completed and currently provides 54 megawatts to Anbar. Third and fourth stages are planned. 'The third phase of the project will reach 350 megawatts of electricity, and then we will discuss the fourth phase, which is to connect the power line between Egypt, Jordan and Iraq,' Mousa said. According to Petra, the project will eventually reach 500 megawatts. Despite its vast oil and gas reserves, Iraq suffers from chronic electricity shortages. At times, especially during the hot summer months, the supply is able to meet only about half the demand. In addition to Jordan, the electricity ministry is working with Gulf countries and Turkey to boost the power supply. In April, the ministry announced it was in talks with Turkey and had signed a contract to double its electricity imports from 300 megawatts to 600 megawatts. For years, Iraq has relied on gas imports from Iran to run its power plants, putting its power grid at the mercy of sanctions waivers from the United States and leaving it vulnerable to periodic cuts in the supply by Iran.
Shafaq News
26-02-2025
- Business
- Shafaq News
Iraq Power Projects: 50 Nations Bid
Shafaq News/ More than 300 companies from 50 countries are participating in the Renewable Energy Conference held at the Baghdad International Fair, according to Electricity Ministry spokesman Ahmed Mousa. In an interview with Shafaq News, Mousa described the conference as a significant opportunity for both local and international companies to explore the Ministry of Electricity's renewable energy projects and present their investment proposals aimed at enhancing Iraq's electrical infrastructure. He emphasized, "the Iraqi government is striving to diversify gas and energy sources," adding that the Ministry had previously signed contracts with global companies to establish solar power plants as part of its efforts to support the transition to clean energy. Mousa also highlighted the conversion of 536 government buildings to solar energy systems, a move designed to alleviate pressure on the national electricity grid and enhance energy sustainability in the country. recently, Iraqi Electricity Minister Ziyad Ali Fadil announced the launch of newproduction projects with a capacity of 15,000 megawatts, adding that the country's energy production had increased by approximately 9,000 megawatts over the past two years.
