IFC, a member of the World Bank Group, has arranged a US$375 million financing package for a leading private Iraqi power company, Mass Global Energy Sulimaniya. The project will provide electricity to millions of people across the country—particularly in the Kurdistan Region of Iraq, where a migrant crisis has strained power infrastructure.
Energy Finance & Investment News in Iraq
The International Finance Corporation (IFC) is considering to provide a loan to and invest up to USD250 million to complete the conversion of the 1,000 MW Sulaymaniyah Gas Power Station (SGPS) located at the Chamchamal area, Iraq.
The Ministry of Electricity of Iraq in coordination with the National Investment Commission has announced an investment opportunity to carry out 4 renewable energy projects, 3 solar plants and 1 wind farm.