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Iraq Pre-qualifies 8 Companies to Execute Solar Power Projects

Iraq has pre-qualified eight companies to execute solar power projects that will supply electricity to houses in the capital Baghdad and other areas.

Iraq’s Electricity Minister Ziad Fadil said the pre-qualification is part of phase 1 of a Central Bank initiative to expand the use of solar power by Iraqi families.

He said the initiative includes providing soft-term loans to citizens to install solar power systems, adding this would help tackle a persistent power supply crisis in Iraq.

Iraq has been locked in a drive to rehabilitate its war-damaged power sector and expand the use of renewable energy sources.

It has awarded solar power projects to a number of foreign companies over the past months with a combined generation capacity of 7.5 GW. The Basra Investment Commission signed an agreement with France’s TotalEnergies to construct a 1,000-megawatts (MW) solar power plant at a cost of $820 million. Additionally, two solar plants with a combined capacity of 500 MW are set to be established in Kirkuk province.

Last month, it was reported that the Central Bank's one trillion Iraqi dinars ($760 million) distributed solar projects initiative managed to disburse only IQD 250 million to 10 borrowers to date.

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