The Iraqi Council of Ministers takes a series of measures to address the electricity crisis

The Iraqi Council of Ministers approved, in its session held on Tuesday, the Iraqi Ministry of Electricity’s contract with (Mass Holding Company) to supply electrical energy to the northern region in particular, and to the national system in general, due to the summer peak load and the need of the electrical system according to the financial authority, for a period of (3) months.

It is noteworthy that Iraq is currently witnessing a major power outage that reaches citizens’ homes, which has angered Iraqis, especially in light of the high temperatures in the country, which have exceeded half the boiling point in some Iraqi cities and governorates.

The Council also approved, according to a statement by the media office of the Iraqi Prime Minister, a copy of which was obtained by Al-Khaleej, “the Iraqi Ministry of Electricity’s contract with (Kar Company) to supply electrical energy from the Republic of Turkey, according to the reduced price equation approved by the Ministry of Electricity, for a period of (3) months due to the summer peak load, the need of the electrical system, and in accordance with the financial authority.”

The statement added, “In order to accelerate the completion of plans related to the development of the electricity production sector, the Council of Ministers approved the authorization of the Minister of Finance, or whoever she authorizes, to sign the financing loan agreement for the project to equip and implement (5) KV 132 stations, for the stations (South Khalidiya, Al-Sawada, Al-Rumaitha, North Kirkuk, and Al-Rifai) for the benefit of the Ministry of Electricity, based on the Federal General Budget Law for the fiscal years 2023 – 2024 – 2025, and it also approved the financing terms stipulated in the Ministry of Finance’s letter dated the 23rd of this month.”

The statement added, “The Council also approved counting the contracted projects (that have completed the listing requirements) as ongoing projects, to complete the signing of the loan agreement and not link the timing of the agreement to the year of signing the contract, based on the House of Representatives’ approval of borrowing in the Federal General Budget Law for the years 2023, 2024, 2025 and subsequent years.”