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Iraq Gov’t Is Not Forthcoming About Major Power Contracts

Iraq Gov’t Is Not Forthcoming About Major Power Contracts
Iraq Gov’t Is Not Forthcoming About Major Power Contracts

Iran’s state and private sector electricity producers are willing to help rehabilitate Iraq’s crumbling power infrastructure but the Baghdad government does not seem interested, the energy minister said.
“The two sides signed a memorandum of understanding in 2018 to reduce power wastage in the country’s network by 30% in less than two years. However, the MoU has not taken the form of a binding contract due to (Iraqi’s) procrastination,” Reza Ardakanian was quoted as saying by Barq News.
Although the proposed rehab cost is competitive and Iranian contractors have accepted to be paid in installments, the Iraqis have not signed the final agreement, Ardakanian said without providing details.

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