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Development of sustainable energy sources .. Iraq is on the path of green economy

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Development of sustainable energy sources .. Iraq is on the path of green economy Empty Development of sustainable energy sources .. Iraq is on the path of green economy

Post by claud39 on Sun Dec 09, 2018 10:53 am


Development of sustainable energy sources .. Iraq is on the path of green economy

Development of sustainable energy sources .. Iraq is on the path of green economy Frost-logo_1544342083


(Independent). Iraq, which has abundant solar and wind resources, is seeking to diversify its energy dependence away from fossil fuels over the next decade as well as boost its energy mix. By 2028, the country is expected to provide more than 10 per cent of its energy needs from sustainable sources by resorting to the construction of large-scale solar, wind and biomass power plants.

The war-torn country is suffering from a severe electricity shortage due to insufficient capacity to generate electricity and a continued rise in demand, which currently exceeds capacity expansion. The attacks of the Islamic State Organization in Iraq and Syria in 2014 to reduce the production capacity available from 28,680 MW to about 24,020 MW. With a demand of 17,000 MW, the average electricity production is less than 11,300 megawatts by 2017. The electricity supply from the public grid is less than 15 hours per day. As a result, Iraqi citizens found themselves forced to rely on private diesel generators to fill that gap. Given the current 6 per cent growth in electricity demand, the country will need an additional 20,000 megawatts of capacity to meet the demand of 32,500 MW by 2028.

Commenting on the subject, Ali Mirmoud, Senior Advisor and Business Development Manager at Frost & Sullivan said: "To move towards a sustainable economy, Iraq's electricity infrastructure requires huge investments in expanding production capacity, improvements in efficiency through updates, energy Productivity based on renewable energies. There is an urgent need to repair and develop transmission lines and substations to reduce waste of energy during transport and distribution operations. This type of development program for Iraq's power sector requires capital of more than US $ 50 billion between 2018-2028, which represents enormous opportunities for supply companies in this sector. "

Development of sustainable energy sources .. Iraq is on the path of green economy IRAQ-A-New-Renewable-Energy-Market-in-the-Middle-East-Infographic-AETOSWire_1544342715

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Iraq has significant reserves of natural gas that can be used to develop gas turbines with a combined cycle. In addition, the average exposure to the sun, which is 5.6 kWh per hour per square meter per day and 3000 hours of bright sunlight per year, offers great opportunities for the development of the solar sector in the country.

Thanks to the tremendous efforts being made, Iraq is on track to end the burning of gas from the southern oilfields. More gas treatment plants are expected to be installed to limit imports and feed raw materials to feed power plants starting in 2021. The Renewable Energy Efficiency Energy in the country is strongly supported by the International Renewable Energy Agency, UNDP, the Regional Center for Renewable Energy and Energy Efficiency, as well as the World Bank.

"By 2028, Iraq is expected to build power plants with a capacity of more than 5 gigawatts of solar power, about 1 gigawatts of wind power and about 0.2 gigawatts of biomass energy," he said. Which offers enormous opportunities for private investors and technology providers to participate in increasing capacity, development and customization for local use.

Owing to the federal budget deficit, the Government of Iraq is simply unable to finance the necessary investments in renewable energies on its own. In order to involve the private sector and promote foreign direct investment, the Government of Iraq provides important incentives and initiatives to investors in this sector. This includes tax exemptions, tariff incentives, appropriate tariffs for investors, rights in land and infrastructure, non-contractual support for obtaining declarations and licenses, and certain guarantees for eligible projects identified by the Ministry of Finance.

The potential for wind power in Iraq still needs to be exploited. No significant activities have yet been undertaken in this sector, unlike the focus on the solar sector by the government and the private sector in Iraq. However, the Kurdistan Regional Government plans to provide electric protests from wind and hydropower sources. The cabinet of the Kurdistan Regional Government proposed feasibility studies for wind farms in all three northern governorates of Iraq, as well as three feasibility studies for hydropower. All wind farms will be selected in Dahuk, Erbil and Sulaymaniyah governorates in Iraq.

The use of solar panels on surfaces in the sweat by homeowners and shops has increased dramatically over the past two years, especially in northern Iraq to mitigate the effects of power cuts. "Iraq provides significant potential for the development of distributed solar panel solutions that operate outside the network on a small scale," said Abhai Bhargava, Business Leader, Industrial Practices, Frost & Sullivan. These solutions could represent an alternative to the intensive use of diesel generators currently in use throughout the country. "


* Source: " Etos Wire "
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