Iraqi Cabinet Approves 2 Solar Energy Projects

By John Lee.

The Iraqi Council of Ministers has approved key measures to advance major solar energy projects, reinforcing the country’s push toward clean and sustainable power generation.

  • Firstly, the cabinet approved a memorandum of understanding between the Ministry of Electricity and US-based UGT Renewables for the development of an integrated solar power project. The Ministries of Planning and Finance are tasked with aligning the project with national development priorities and allocating the necessary funding. The Minister of Electricity has been granted full authority to proceed with implementation.
  • Secondly, the Council endorsed the Ministerial Council for Energy’s recommendation on pricing and development costs for the 1000 MW Artawi Solar Power Plant, to be developed with France’s TotalEnergies. The project is recognised as a strategic component of Iraq’s clean energy agenda. The Ministry of Oil has been instructed to fulfil its payment obligations under the power purchase agreements, and the Director General of the State Company for Southern Electricity Production is authorised to sign the contract addendum with the French energy firm.

These approvals mark a significant step in diversifying Iraq’s energy sources and reducing its dependence on fossil fuels.

(Source: PMO)

The post Iraqi Cabinet Approves 2 Solar Energy Projects first appeared on Iraq Business News.

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