Iraq Unveils Ambitious Plan for 15,000 MW Steam Power Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--Iraq's Ministry of Electricity plans to develop new steam power plants with a combined generating capacity of 15,000 megawatts (MW). The effort already has attracted strong interest from more than 100 local and international companies.

According to the ministry, three investment models--engineering, procurement and construction (EPC), EPC plus financing (EPC+F), and independent power producer (IPP)--have been proposed to potential investors. The new plants will be distributed strategically across Iraq's Southern, Central Euphrates, Central and Northern regions.

This initiative forms a key part of Iraq's broader strategy to diversify its energy sources and reduce its reliance on imports.

Iraq also recently signed non-binding agreements with GE Vernova and UGT Renewables to add 27 gigawatts (GW) to its power-generation capacity. These agreements include the development of combined-cycle gas power plants totaling 24 GW and an integrated, 3-GW solar-energy project.

Industrial Info is tracking 42 fossil fuel-fired projects across Iraq, totaling more than US$50 billion of investment. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a list of detailed project reports and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).