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Iraq’s Rumaila Power Plant Second Phase Comes Online

The second phase of the 3,000MW Rumaila independent power project (IPP) near Basra in southern Iraq has come online.

 

It is understood the developer Jordan’s Shamara Group is aiming to complete the remaining 1,500MW third and fourth phases of the project by 2022. Shamara Group signed a 15-17-year power-purchase agreement with the Iraqi Electricity Ministry in 2014.

 

In July 2015, Shamara awarded the $2.5bn engineering, procurement and construction (EPC) contract to Iran’s Mapna Group, which is understood to have arranged financing for the scheme.

 

The Rumaila IPP is a combined-cycle power plant with 12 gas and six steam turbines. Mapna has been contracted to supply the turbines.

 

In May 2017, the Export Guarantee Fund of Iran (EGFI) confirmed providing Mapna with a $300m principles of responsible investment (PRI) policy, which covers the project against political risks such as an outbreak of war, expropriation, confiscation and breach of contract by the host government.

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