Latest news with #ZiyadAliFadhil
Iraqi News
5 days ago
- Business
- Iraqi News
Minister of Electricity Meets with General Vernova to Discuss 24,000 MW Production Projects
Baghdad - INA Minister of Electricity Ziyad Ali Fadhil held a meeting today, Thursday, with officials from General Vernova to discuss its 24,000 MW production projects. A statement from the ministry, received by the Iraqi News Agency (INA), stated that "Minister of Electricity Ziyad Ali Fadhil chaired a meeting with officials from the American company General Vernova to discuss the implementation of the terms of the strategic memorandum of understanding recently concluded between the Ministry of Electricity and the American company." He added, "The memorandum aims to establish modern power plants throughout Iraq with a total capacity of (24) thousand megawatts, in a qualitative step to enhance the country's electricity production capacity and meet the growing needs of citizens." He explained that, "During the meeting, the two parties discussed identifying the strategic locations where the new power plants will be built, taking into account the optimal geographical distribution and the actual needs of each region to ensure maximum benefit from these vital projects." He continued, "The meeting also touched on another topic related to the long-term maintenance carried out by General Vernova in a number of currently operating power plants, which aims to raise operational efficiency and extend the lifespan of these plants." He pointed out that, "The two sides discussed the details of the rehabilitation and expansion projects planned for the Musayyib and Mansouriya power plants, which are considered pivotal stations in the electricity grid. These projects will contribute to increasing production capacity and improving the reliability of supply." The minister emphasized, according to the statement, "the importance of the strategic partnership with General Electric," stressing "the need to adhere to the specified timetables for project implementation and to apply the highest technical and environmental standards in all phases of work." For their part, General Electric officials expressed the company's full commitment to implementing the terms of the memorandum of understanding and providing the latest technologies in the field of electricity generation.
Shafaq News
25-05-2025
- Business
- Shafaq News
Iraq's Electricity Minister in Turkmenistan to finalize 20 MCM daily gas swap
Shafaq News/ Iraq's Electricity Minister Ziyad Ali Fadhil arrived in Turkmenistan on Sunday to revive a stalled gas import agreement seen as 'critical' to the country's energy stability. The deal, signed in October 2024, aimed to supply Iraq with up to 20 million cubic meters of Turkmen gas daily via a swap mechanism using Iran's pipeline network. Despite its strategic importance, the agreement has yet to take effect due to lingering technical hurdles, according to previous disclosures from the Ministry of Electricity. Fadhil's visit comes as Iraq is on the brink of an energy crisis, with the expiration of a crucial US waiver threatening to cut off its access to Iranian gas, which fuels nearly 30% of the country's electricity.
Iraqi News
01-05-2025
- Business
- Iraqi News
Iraq, Siemens Energy expand partnership with new agreements
Baghdad ( – Iraq has taken a significant step toward modernizing its energy infrastructure by signing new agreements with Siemens Energy to upgrade the Dibis Gas Power Plant and Al-Musayyib Thermal Power Plant. The signing, held under the patronage of Prime Minister Mohammed Shia Al-Sudani, marks the third phase of Iraq's strategic partnership with Germany in the energy sector. The signing ceremony was attended by Iraq's Minister of Electricity Ziyad Ali Fadhil, German Ambassador Christiane Hohmann, and President and CEO of Siemens Energy Christian Bruch. The maintenance contracts include a comprehensive plan for the Dibis Gas Power Plant, which operates two 340-megawatt generating units, and a five-year agreement for the Al-Musayyib Thermal Power Plant. The latter includes not only maintenance of its 750-megawatt units but also the addition of 150 megawatts and measures to ensure safe, efficient, and continuous operations. These deals are part of a larger initiative to expand Iraq's electricity production. The energy cooperation agreement aims to add 14,000 megawatts to the national grid, significantly increasing the country's generation capacity and enhancing energy services nationwide. With this latest move, Iraq reaffirms its commitment to improving the reliability and sustainability of its power sector through international partnerships.
Iraqi News
01-05-2025
- Business
- Iraqi News
Minister of Electricity: Iraq has signed major agreements to produce up to 38,000 megawatts of power
Baghdad - INA Minister of Electricity Ziyad Ali Fadhil confirmed on Thursday that the agreements signed with Siemens and General Electric exceed Iraq's current capacity of 38,000 megawatts. He noted that the new power plants will rely on local fuel. The Minister of Electricity's media office said in a statement received by the Iraqi News Agency (INA): "The Minister of Electricity, Ziyad Ali Fadhil, following the signing of the third phase of the energy cooperation agreement with the German company Siemens, confirmed that "today, under the auspices of Prime Minister Mohammed Shia al-Sudani, an agreement was signed with Siemens to build new power plants with a capacity of 14,000 megawatts." He added that "the new plants, to be implemented by Siemens, will rely on local fuel and combined-cycle technologies that produce energy without the need for fuel." He explained that "for the first time in Iraq's history, the Ministry of Electricity has signed major strategic agreements with reputable international companies such as Siemens and General Electric, to produce a total capacity of 38,000 megawatts." He emphasized that "the agreements signed with Siemens and General Electric exceed the current capacity produced in Iraq, which amounts to 28,000 megawatts, which will contribute to meeting the growing demand for electricity."
Iraqi News
10-04-2025
- Business
- Iraqi News
US Agency: Partnership Contracts with Iraq Are the Largest and Most Recent
Follow-up – INA Bloomberg, the American agency, considered the partnership contracts signed with the Iraqi government today, Thursday, the largest and most recent, while noting Baghdad's success in developing the electricity generation sector with the two largest energy companies. The agency stated in a report followed by the Iraqi News Agency (INA), that "Iraq has signed non-binding agreements with two American companies aimed at adding 27 gigawatts to the country's electricity generation system, as part of efforts to meet the growing demand for energy." It noted that "the Iraqi government signed a memorandum of understanding with General Electric Vernova to build gas-fired power plants with a production capacity of up to 24 gigawatts." It added that "the plan, described as the 'largest and most recent' in the country's history, allows for the possibility of obtaining external financing from international banks." Minister of Electricity Ziyad Ali Fadhil explained in a statement following the signing, according to the statement, that "the new stations will produce approximately 8 gigawatts without fuel consumption, while they will produce 16 gigawatts using natural gas and other fuels." He explained that "electricity demand in Iraq is expected to reach 55 gigawatts during the summer, while the country's current production capacity ranges between 16 and 26 gigawatts, depending on gas availability." He pointed out that "the ministry signed another memorandum of understanding with UGT Renewables to establish an integrated solar energy project with a capacity of 3 gigawatts, financed by the US Export-Import Bank, the British Export Finance Corporation, and JP Morgan," stressing that "the agreement includes a two-year period for technology transfer, training, operation, and maintenance." The agency continued, "Oil Minister Hayan Abdul Ghani had previously announced talks with several companies to secure two floating storage and regasification units by early June. This follows the United States' decision not to renew the waiver that allowed OPEC's second-largest producer to purchase electricity from Iran." For its part, the US Embassy confirmed that "Iraq's agreements with GE Vernova and UGT Renewables are worth billions of dollars." It should be noted that "the exact cost and timeline for the projects are unknown."
