Sunday, 01 August 2021 02:29 GMT

Iraq, UAE-based renewable power developer sign deal to build solar power projects

(MENAFN)According to the Iraqi oil ministry, the Iraqi electricity ministry inked with Masdar, a United Arab Emirates-based renewable power developer, a deal to set solar power projects in central and southern Iraq, with a total capacity of 2,000 Megawatts.

The statement further declared that the project is the biggest investment in Iraq’s renewable energy industry, without showing its total cost.

Iraq is aiming to set a number of power plants in the next years in corporation with international and Arab companies. Some of them are going to use solar energy, as others will run on fossil fuels, including gas that is manufactured in the extraction of oil, by introducing it into the electricity production system, Iraq Oil Minister Ihsan Abdul Jabbar told Asharq recently.

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